CoinShares: Digital asset investment products flowed only $30 million last week
2024-08-19 07:54:15
Coinshares latest weekly report display weeks assets investment products totaldesk3cryptocurrencydesktopCrypto News
According to the latest weekly report of CoinShares, inflows into digital asset investment products totaled $30 million last week. Weekly trading volume in investment products fell to $7.60 billion, close to 50% of the previous week, as recent macroeconomic data hinted that the Federal Reserve was less likely to cut interest rates by 50 basis points in September. Bitcoin inflows were the most significant, totaling $42 million, while funds shorting Bitcoin ETFs outflows totaled $1 million for the second consecutive week. Ethereum inflows were only $4.20 million last week; in addition, Solana's net outflow was $39 million, the highest weekly outflow record, due to the sharp drop in trading volume of Meme coins.
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