On February 17th, according to the latest weekly report data from CoinShares, digital asset investment products experienced significant outflows for the first time after a record 19 weeks of consecutive inflows, totaling $415 million. The main reason for the outflows was the hawkish comments from Federal Reserve Chair Powell and higher-than-expected US CPI data, leading to increased market expectations for interest rates. Bitcoin was most affected by this, with outflows totaling $430 million.

Most of the outflows came from the United States, totaling $464 million, while markets in other countries were relatively unaffected. Germany, Switzerland, and Canada saw inflows of $21 million, $12.5 million, and $10.2 million respectively.

Solana saw the most inflows, totaling $8.9 million, followed by XRP ($8.5 million) and Sui ($6 million). In addition, blockchain stocks attracted $20.8 million in inflows, totaling $220 million in inflows so far this year.