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

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

Bitget2024/08/19 08:00

According to CoinShares' latest weekly report, a total of $30 million flowed into digital asset investment products last week. Due to recent macroeconomic data suggesting that the likelihood of the Federal Reserve cutting interest rates by 50 basis points in September is small, the weekly trading volume of investment products fell to $7.6 billion, close to 50% of the previous week. Bitcoin had the most significant inflow of funds, totaling $42 million, while funds for shorting Bitcoin ETFs flowed out for the second consecutive week, totaling $1 million. Ethereum only had an inflow of $4.2 million last week; moreover due to a sharp drop in Meme coin trading volume, Solana netted an outflow of $39 million setting a record for highest single-week outflow.

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