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CoinShares: Last week, the total inflow of digital asset investment products was 30 million US dollars

CoinShares: Last week, the total inflow of digital asset investment products was 30 million US dollars

Bitget2024/08/19 08:14

PANews reported on August 19th that according to the latest weekly data from CoinShares, there was less inflow of funds into digital asset investment products last week, with a total of $30 million. This is due to recent macroeconomic data showing a smaller likelihood of the Federal Reserve cutting interest rates by 50 basis points in September. The weekly trading volume of investment products fell to nearly 50% of the previous week, at $7.6 billion. Bitcoin had the most significant inflow, totaling $42 million, while bearish Bitcoin ETFs saw outflows for the second consecutive week, totaling $1 million. Ethereum's fund inflows were only $4.2 million. Solana's outflow reached $39 million, marking its largest ever outflow as it heavily relies on memecoin whose trading volume has sharply declined. From a regional perspective, fund flows varied greatly; with inflows in the United States, Canada and Brazil reaching respectively: $62 million,$9.2million and$7 .2million , whereas Switzerland and Hong Kong experienced notable outflows amounting to respectively: $30million and$14million.

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