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
Unlimit Launches Stablecoin Decentralized Clearing Platform Stable.com
Crypto KOL paulwei has publicly shared his live trading on Hyperliquid, and recently placed a buy order in pyramid pattern to go long on BTC.
Monad Chain Meme Coin CHOG Recovers from Yesterday's Decline, Registers Nearly 60% Gain in 24 Hours
Securities and Futures Commission (SFC) Warns of Suspicious Investment Products "9M AI Stable Fund" and "9M AI Strategy Fund"
Shield Protocol: User deltatiger.eth has been attacked, losing approximately $330,000
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:[email protected]
VIP Services:[email protected]