According to a report released by cryptocurrency asset management company CoinShares on Monday, global digital asset investment products recorded the largest single week net outflow in history last week, with a total of $2.9 billion, and have shown net outflows for three consecutive weeks, with a cumulative outflow of $3.8 billion.

CoinShares It is believed that the outflow of funds from digital asset funds is influenced by multiple factors, including the recent Bybit exchange hack, a more hawkish attitude from the Federal Reserve (FED), and a total of $29 billion in inflows over the past 19 weeks. These factors may trigger investors to take profits and weaken market sentiment.

Most regions have experienced capital outflows, with the most significant being the United States ($2.87 billion), Switzerland ($73 million), and Canada ($16.9 million). However, German investors saw this as an opportunity to buy when prices were weak, recording a net inflow of $55.3 million.

Bitcoin investment products were hit the hardest, with a net outflow of $2.59 billion recorded last week, while short selling Bitcoin investment products resulted in a net inflow of $2.3 million.

In terms of Altcoins investment products, Ethereum also failed to escape the negative market sentiment, recording a record breaking weekly outflow of $300 million. Solana and Ton also experienced outflows of $7.4 million and $22.6 million, respectively. Sui and XRP performed relatively well, recording net inflows of $15.5 million and $5 million, respectively.