CoinShares: Digital asset investment products saw $952 million in outflows last week

2025-12-232025-12-22 by admin

BlockBeats news, on December 22, CoinShares released its latest weekly report, showing that digital asset investment products experienced an outflow of $952 million last week, marking the first outflow in four weeks. The outflows were almost entirely concentrated in the United States, amounting to $990 million, partially offset by inflows from Canada and Germany. Ethereum saw outflows of $555 million, Bitcoin had outflows of $460 million, while Solana and XRP continued to attract inflows, indicating selective investor support for Ethereum.

BlockBeats News, December 29 – According to a report by Cointelegraph, a proposal in California to impose a 5% tax on billionaires' wealth has faced strong opposition from cryptocurrency executives. They argue that it would trigger an exodus of entrepreneurs, capital flight, and ultimately be wasted regardless.The proposal, named the '2026 Billionaire Tax Act,' aims to introduce a ballot measure that would levy a 5% tax on individuals or entities with a net worth exceeding $1 billion to fund healthcare systems and state assistance programs. According to SEIU United Healthcare Workers West, because this proposed wealth tax partially targets unrealized gains, some billionaires may need to sell stocks or parts of their businesses to raise funds for tax payments. The tax can be paid in a lump sum or spread over five years with interest.Industry veterans in the cryptocurrency sector, including Bitwise CEO Hunter Horsley and Kraken co-founder Jesse Powell, believe that this measure would only lead to billionaires leaving the state, resulting in negative consequences.