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BTC $65,908.00 -0.62%
ETH $1,927.31 +0.35%
BNB $570.58 -0.33%
XRP $1.12 -0.69%
SOL $77.80 -0.06%
TRX $0.3284 -0.33%
DOGE $0.0726 -1.13%
ADA $0.1743 +0.59%
BCH $218.91 -2.17%
LINK $8.64 +0.16%
HYPE $59.39 -2.14%
AAVE $98.60 +3.89%
SUI $0.7652 -0.34%
XLM $0.1870 -2.68%
ZEC $513.16 -3.24%

CoinShares: Last week, digital asset investment products saw an inflow of 30 million dollars

2024-08-19 15:57:56
Collection

ChainCatcher news, according to CoinShares' latest weekly report, last week saw a total inflow of $30 million into digital asset investment products. Due to recent macroeconomic data suggesting a lower likelihood of a 50 basis point rate cut by the Federal Reserve in September, the weekly trading volume of investment products dropped to $7.6 billion, close to 50% of the previous week.

The inflow into Bitcoin was the most significant, totaling $42 million, while the short Bitcoin ETF experienced outflows for the second consecutive week, totaling $1 million.

Ethereum saw an inflow of only $4.2 million last week; additionally, due to a sharp decline in Meme coin trading volume, Solana experienced a net outflow of $39 million, setting a record for the highest weekly outflow.

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