Last week, digital asset investment products saw a net outflow of $360 million, with Bitcoin witnessing an outflow of $946 million.

On November 3rd, according to the latest weekly report from CoinShares, there was a total net outflow of $360 million in digital asset investment products last week. This was mainly due to investors interpreting the comments of Federal Reserve Chairman Powell regarding a potential rate cut in December as a hawkish stance, which led to market uncertainty. The United States took the lead in this fund outflow, with a net outflow of $439 million. Meanwhile, Germany and Switzerland saw relatively small net inflows of $32 million and $30.8 million respectively, partially offsetting the outflows from the United States. In terms of Bitcoin, there was an outflow of $946 million. In contrast, Solana attracted a net inflow of $421 million, marking the second-highest historical record. The funds mainly flowed into the newly launched U.S. ETF, bringing its year-to-date net inflows to $3.3 billion. Ethereum also witnessed a net inflow of $57.6 million.