CoinShares: $1.43B Digital Asset Outflows Hit March Peak
CoinShares released its latest weekly report showing that digital asset investment products experienced a net outflow of $1.43 billion last week, marking the largest exodus since March. ETP trading volume surged to $38 billion. Bitcoin saw $1 billion in outflows, while Ethereum showed resilience with $440 million in outflows but maintains a net inflow of $2.5 billion for August. Among altcoins, XRP led inflows with $25 million, followed by Solana ($12 million) and Cronos ($4.4 million), whereas Sui ($12.9 million outflow) and Ton ($1.5 million outflow) underperformed. These digital asset fund flows underscore shifting investor sentiment and could signal increased market volatility in the short term.
Bearish
The substantial $1.43 billion outflow—the largest since March—signals growing risk aversion in the market. Historically, similar large-scale exoduses have preceded price declines as investor confidence weakens. Bitcoin’s $1 billion withdrawal underscores broad selling pressure, while Ethereum’s resilience suggests selective demand. Altcoin inflows into XRP, Solana and Cronos indicate targeted bets, but overall net outflows point to bearish momentum. In the short term, such digital asset fund drains can amplify volatility and price corrections. Over the longer horizon, sustained outflows reflect cautious sentiment but could set the stage for a rebound if macro factors or regulatory clarity improve.