About KRW 2.9 trillion net outflow from digital asset investment products last week…"Interest rate path uncertainty · whale selling"

Digital asset investment products saw an outflow of 2 billion dollars (about 2.9572 trillion won) last week, marking the largest capital outflow since February.

CoinShares said in a weekly report on the 24th (local time) that "the cumulative outflow from digital asset investment products over the past three weeks reached 3.2 billion dollars," and that "uncertainty over monetary policy and whale selling in crypto assets have significantly worsened investor sentiment." With price adjustments, the total assets under management (AuM) of digital asset exchange-traded products (ETP) fell from 264 billion dollars at the beginning of last month to 191 billion dollars, a 27% decrease.

In particular, Bitcoin (BTC) ETPs took the biggest hit, with 1.38 billion dollars withdrawn. Over the past three weeks, the amount withdrawn from Bitcoin ETPs corresponds to about 2% of total assets under management. Ethereum (ETH) saw outflows of 689 million dollars, experiencing a deeper correction by weight. This is about 4% of total ETH ETP assets. Solana (SOL) and XRP also saw outflows of 8.3 million dollars and 15.5 million dollars, respectively.

Investors are stepping away from single-asset-focused products while moving funds toward risk diversification. Over the past three weeks, multi-asset ETPs had net inflows of 69 million dollars, and Bitcoin short (Short) products also received 18.1 million dollars in inflows.

CoinShares analyzed that "uncertainty over interest rate policy and market volatility are combining to distinctly strengthen risk-aversion flows."