Digital Asset Funds Log $812M Outflows, Solana Draws $291M Inflows: CoinShares

Core Insights - Digital asset investment products experienced significant outflows of $812 million last week, driven by cooling investor sentiment amid changing expectations for U.S. monetary policy [1] - Year-to-date inflows remain strong at $39.6 billion, indicating resilient overall demand for digital assets despite recent pullbacks [2] Regional Analysis - The U.S. market faced the majority of outflows, totaling $1 billion, while other regions like Switzerland, Canada, and Germany showed positive inflows, with Switzerland leading at $126.8 million [3][4] - This regional divergence highlights that U.S. macroeconomic uncertainty is impacting institutional flows, but global demand for digital assets remains robust [4] Asset Performance - Bitcoin suffered the most, with outflows of $719 million, while Ethereum experienced $409 million in outflows, bringing its year-to-date inflows to a near halt [5][6] - The data indicates a softening of near-term investor sentiment for both Bitcoin and Ethereum as markets adjust expectations around monetary easing [6] Emerging Trends - Solana and XRP emerged as exceptions to the outflow trend, attracting inflows of $291 million and $93.1 million respectively, driven by anticipation of upcoming U.S. ETF launches [7] - Solana's inflows reflect growing confidence in its blockchain capabilities, while XRP's demand signals renewed institutional interest ahead of potential regulatory clarity in the U.S. [8]