Cryptocurrency Investment Products See Over ¥70 Billion in Net Outflows Last Week, XRP and Solana Remain Strong, According to CoinShares

James Butterfill, head of research at cryptocurrency investment firm CoinShares, reported on the 29th that the total fund flows for digital asset investment products, including ETFs, saw a net outflow of approximately $446 million (about ¥70 billion) last week.

Since the price drop on October 10th, the total outflow has reached $32 billion (about ¥500 billion). Butterfill analyzed this as an indication that investor sentiment has not yet fully recovered.

Meanwhile, the total inflow for this year is nearly the same as last year. This year's inflow amounts to $463 billion, slightly below $487 billion projected for 2024...