Last week, digital asset investment products saw an outflow of $223 million, marking the first outflow in 15 weeks.
BlockBeats News, August 4th, CoinShares released its latest weekly report data, and digital asset investment products saw outflows for the first time in 15 weeks, with a total outflow of $2.23 billion as of the end of this week. The week started strong with an inflow of $8.83 billion, but this trend reversed in the latter half of the week, possibly due to the hawkish FOMC meeting and a series of better-than-expected U.S. economic data. Although the soft weekend employment data has dovish implications for the Fed, a general risk-off sentiment led to further outflows, with outflows exceeding $1 billion on Friday.
Bitcoin took the brunt of the negative sentiment impact, with outflows of $4.04 billion this week. Nevertheless, inflows since the beginning of the year remain strong, reaching $20 billion.
Despite facing setbacks later in the week, Ethereum achieved net inflows for the 15th consecutive week, totaling $1.33 billion, indicating strong market optimism for the asset. XRP, Solana, and SEI also received good support, with inflows of $31.2 million, $8.8 million, and $5.8 million, respectively. Aave and Sui saw inflows of $1.2 million and $0.8 million, respectively.
You may also like
Gainers
Latest Crypto News
「Fed Whisperer」: Federal Reserve Chair nominee will meet with Trump this week, nomination may be announced before Christmas
In an Anthropic simulation test, AI Agents discovered a $4.6 million smart contract vulnerability.
The probability of "Bank of Japan 25-basis-point Rate Hike in December" on Polymarket has surged to 81%
Trump to Make Major Announcement Tomorrow at 3 AM
Japanese Government Supports Lowering Cryptocurrency Capital Gains Tax to 20%
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:[email protected]
VIP Services:[email protected]