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

2024-08-19 15:57:56
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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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