Last week, global virtual asset investment products saw a net outflow of $1.43 billion—largest since March

Last week, global virtual asset (cryptocurrency) investment products experienced a net outflow of $1.43 billion (₩1,986.7 billion).

On the 25th (local time), CoinShares stated in a report, "Last week, virtual asset investment products saw an outflow of $1.43 billion," adding, "It is the largest outflow since March." In particular, the negative impact was attributed to uncertainty over the Fed's interest rate cuts.

The report added, "Early last week, the uncertainty over the Fed's interest rate cuts led to a net outflow of $2 billion," but continued, "However, following Chairman Powell's dovish remarks, $594 million was reinvested, offsetting some of the outflows." It further explained, "Due to the rapid shift in investor sentiment over the week, trading volume for virtual asset ETPs reached $38 billion, which is 50% higher than the yearly average."

By asset, Bitcoin (BTC) products topped the list with a net outflow of $1.03 billion. Ethereum (ETH) also saw an outflow of $440 million. The report commented, "Ethereum witnessed a sharp inflow in the middle of the week, which greatly reduced the outflow," adding, "This reflects a shift in investor sentiment toward Bitcoin and Ethereum."

Some major altcoins showed strong inflows. Both XRP and Solana (SOL) saw net inflows of $25 million and $12 million, respectively. Cronos (CRO) also attracted $4.4 million. In contrast, Sui (SUI) registered an outflow of $12.9 million.

By country, the US showed a significant outflow. US-based virtual asset products alone saw a net outflow of approximately $1.311 billion, while Sweden and Switzerland saw outflows of $135.5 million and $11.8 million, respectively. Conversely, Germany and Canada registered net inflows of $18.4 million and $3.7 million, respectively.