CoinShares: Digital asset investment products saw net outflows of approximately $446 million last week.

PANews reported on December 29th, citing CoinShares, that digital asset investment products saw a net outflow of approximately $446 million last week, bringing the cumulative outflow since October 10th to approximately $3.2 billion, indicating that sentiment has not yet recovered. The US was the main source of outflows ($460 million), with Switzerland experiencing a slight outflow ($14.2 million). Germany recorded a net inflow of approximately $35.7 million, bringing its cumulative inflow this month to approximately $248 million. XRP and Solana have continued to attract funds since the launch of their US stock ETFs in mid-December, with net inflows of approximately $70.2 million and $7.5 million respectively last week, bringing their cumulative inflows to approximately $10.7 billion and $13.4 billion respectively. In contrast, Bitcoin and Ethereum saw net outflows of approximately $443 million and $59.5 million respectively last week, with cumulative net outflows of approximately $2.8 billion and $1.6 billion respectively since their ETF launches. Total AUM has only increased by about 10% this year.