Digital Asset Funds See Net Outflows for 4th Consecutive Week, Solana and XRP Funds Experience Inflows

# Digital Asset Funds Witness Fourth Consecutive Week of Outflows Amidst Solana, XRP Gains New York – Global digital asset funds experienced a fourth consecutive week of net outflows last week, but Solana and XRP funds saw notable inflows, capturing investors' attention. According to the CoinShares weekly report released on March 10, approximately $876 million exited global cryptocurrency funds in the week ending March 7. This marks the fourth consecutive week of negative momentum for digital asset funds, with total outflows amounting to $4.75 billion during this period. The recent trend of outflows has reduced the year-to-date net inflows to $2.599 billion. The total assets under management for cryptocurrency funds have shrunk by $39 billion from their peak, standing at $142.5 billion, the lowest since mid-November last year. By asset, Bitcoin saw outflows of $756 million, while Ethereum recorded $89.2 million in outflows. Cardano also experienced a $1.9 million outflow, and funds betting on the decline of Bitcoin, known as short Bitcoin funds, witnessed $19.8 million in net outflows. In contrast, Solana recorded net inflows of $16.4 million, and XRP (XRP) saw net inflows of $5.6 million.