According to TechFlow, on August 5, CoinShares' latest weekly report showed that digital asset investment products saw capital outflows for the first time in the past four weeks, totaling US$528 million, mainly due to concerns about a US recession, geopolitical risks, and market liquidations in most asset classes.

Bitcoin outflows totaled $400 million, ending five weeks of inflows, while Ethereum saw an outflow of $146 million, bringing net outflows since the launch of U.S. ETFs to $430 million. Although the newly launched U.S. ETF attracted $430 million in positive inflows last week, it was offset by an outflow of $603 million from Grayscale Trust.

The overall trading volume reached $14.8 billion, accounting for 25% of the total market, indicating that the market activity is below average. In addition, blockchain stocks continue to face outflows, with another $18 million lost last week, which is consistent with the outflow trend of broad technology-related ETFs.