CoinShares: Last week, net outflows from digital asset investment products amounted to $528 million

2024-08-05 16:59:21

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According to ChainCatcher news and CoinShares' latest weekly report, digital asset investment products experienced outflows for the first time in 4 weeks, totaling $528 million. This is mainly due to concerns over a U.S. economic recession, geopolitical worries, and a general market liquidation.

The total outflow for Bitcoin was $400 million, marking the first outflow after 5 weeks of inflows. The total outflow for Ethereum was $146 million, bringing the net outflow since the launch of U.S. ETFs to $430 million. Last week, the total trading volume of ETPs was $14.8 billion, accounting for 25% of the total market, which is below average. The price correction on Friday led to a decrease of $10 billion in total assets under management for ETPs.

Regionally, the major outflows were concentrated in the U.S., reaching $531 million, while Germany and Hong Kong saw outflows of $12 million and $27 million, respectively. Canada and Switzerland had inflows of $17 million and $28 million, respectively.

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