According to CoinShares' latest weekly report, digital asset investment products saw outflows for the first time in four weeks, totaling $528 million. ETP trading volume totaled $14.80 billion last week, accounting for a lower-than-average 25% of the overall market. Friday's closing price correction wiped $10 billion off ETP assets under management.
Regionally, most of the outflows were concentrated in the United States, with outflows amounting to $531 million, while Germany and Hong Kong also saw outflows of $12 million and $27 million, respectively. Canada and Switzerland saw weak prices as an opportunity to increase their holdings, with inflows of $17 million and $28 million, respectively.
CoinShares: Digital Asset Investment Products Outflow $528 million Last Week
2024-08-05 09:03:01
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