Core Insights - Digital asset investment products experienced significant outflows totaling up to $2 billion last week, marking the largest outflow since February and the third consecutive week of outflows, which now total $3.2 billion [2][3]. Group 1: Outflows and Market Impact - The outflows were primarily driven by monetary policy uncertainty and selling by crypto-native whales, leading to a notable decline in the total Assets Under Management (AuM) in digital asset exchange-traded products (ETPs) [3]. - The total AuM in digital asset ETPs decreased from a peak of $264 billion in early October to $191 billion, representing a 27% decline [4]. - Bitcoin faced the most significant outflows, totaling $1.38 billion last week, which accounts for 2% of total AuM, while Ethereum saw outflows of $689 million, representing 4% of its AuM [4][5]. Group 2: Price Movements and Market Sentiment - Bitcoin's price has dropped from its all-time high of approximately $126,000 to around $95,000, reflecting a 26% decline from its recent peak [6]. - The negative sentiment surrounding Bitcoin has been highlighted by critics, including Peter Schiff, who has urged investors to sell Bitcoin in favor of gold, which has shown better performance recently [6][7].