The digital asset market has recently experienced a tough week with regulatory risks overshadowing investors. According to CoinShares, digital asset-related investment products saw an estimated net outflow of $952 million over the past week.
The main reason stems from the slow progress of the Clarity Act in the US combined with long-term uncertainty regarding the global regulatory framework. Additionally, investors are concerned about “whales” potentially triggering large-scale sell-offs, increasing pressure on prices.
Among digital assets, Ethereum was the hardest hit with $555 million withdrawn from investment funds. Bitcoin also experienced a similar situation with a net outflow of $460 million. In stark contrast, Solana and XRP moved counter to the market trend, with $48.5 million and $62.9 million respectively flowing into digital assets.
This situation reflects a clear divergence in how the market evaluates different digital assets, as macroeconomic factors and regulations continue to exert pressure on industry giants.
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Negative Reversal of Digital Money Flow Amid Growing Regulatory Concerns
The digital asset market has recently experienced a tough week with regulatory risks overshadowing investors. According to CoinShares, digital asset-related investment products saw an estimated net outflow of $952 million over the past week.
The main reason stems from the slow progress of the Clarity Act in the US combined with long-term uncertainty regarding the global regulatory framework. Additionally, investors are concerned about “whales” potentially triggering large-scale sell-offs, increasing pressure on prices.
Among digital assets, Ethereum was the hardest hit with $555 million withdrawn from investment funds. Bitcoin also experienced a similar situation with a net outflow of $460 million. In stark contrast, Solana and XRP moved counter to the market trend, with $48.5 million and $62.9 million respectively flowing into digital assets.
This situation reflects a clear divergence in how the market evaluates different digital assets, as macroeconomic factors and regulations continue to exert pressure on industry giants.