For the third week in a row, digital asset investment products continued to lose money from investors. This week, they saw a record outflow of $2.9 billion, bringing the total to $3.8 billion over the past three weeks.

According to CoinShares, several factors contributed to this trend: the recent security incident on the Bybit platform, mixed signals from the US Federal Reserve, and a general cooling of the market after a 19-week period of inflows that totaled $29 billion. These events likely triggered profit-taking and a decrease in optimism among investors.

Bitcoin suffered the largest losses, with outflows amounting to $2.59 billion. At the same time, products focused on shorting Bitcoin attracted $2.3 million. Ethereum also saw a record outflow of $300 million.

Toncoin was not left out, losing $22.6 million. Multi-asset products also suffered, with outflows amounting to $7.9 million. Solana and Cardano lost $7.4 million and $1.2 million, respectively. Even blockchain stocks showed a decline, losing $25.3 million.

However, some assets showed positive dynamics. Sui attracted $15.5 million, followed by XRP with an inflow of $5 million and Litecoin, which added $1 million.

Geographically, the outflow of funds was most noticeable in the United States, where it amounted to $2.87 billion. Switzerland and Canada also recorded outflows of $73 million and $16.9 million, respectively. Sweden lost $14.5 million, while Brazil and Hong Kong attracted $2.6 million and $2.5 million.

Bucking the general trend, Germany recorded an inflow of funds of $55.3 million, and Australia a modest inflow of $1 million.

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