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COINOTAG News reports CoinShares’ weekly flow data showing digital asset investment products recording $360 million of net outflows in the latest week. Traders linked the move to Federal Reserve Chair Jerome Powell‘s remarks on a potential December rate cut, which markets interpreted as hawkish, adding to risk-off sentiment. The United States accounted for the bulk of the outflows at $439 million, while Germany and Switzerland registered smaller net inflows of $32 million and $30.8 million, respectively, providing a partial regional offset.
At the asset level, Bitcoin saw pronounced selling with $946 million in outflows. By contrast, Solana posted a robust inflow of $421 million, lifted by demand for the newly launched U.S. ETF and driving year-to-date net inflows to $3.3 billion. Ethereum also attracted investor interest with a $57.6 million inflow, underscoring selective appetite among top-cap altcoins and related investment products.
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