I just reviewed the latest data on digital investment products, and it looks like the sentiment is gradually stabilizing. Last week, there were net outflows of $187 million, but that's significantly less than in previous weeks. The assets under management have decreased to $129.8 billion, the lowest level since March 2025, but at the same time, the trading volume of ETPs has hit a new record high of $63.1 billion. This is interesting because it shows that traders remain active despite the outflows.

Regionally, the picture is mixed. Germany, Switzerland, Canada, and Brazil are experiencing inflows, indicating there is still buying interest there. Among individual assets, Bitcoin is under pressure with $264 million in outflows, but XRP, Solana, and Ethereum show strength with inflows of $63.1 million, $8.2 million, and $5.3 million, respectively. The total net outflow of $187 million may seem negative at first glance, but seeing that some regions and assets are still attracting inflows could be a sign that the market is becoming more selective rather than selling across the board.