PANews reported on August 5 that according to the latest weekly data from CoinShares, digital asset investment products experienced outflows for the first time in four weeks, totaling $528 million. This was mainly due to the reaction to the US recession, geopolitical concerns and general market liquidation. Bitcoin outflows totaled $400 million, the first outflow after five weeks of inflows. Ethereum outflows totaled $146 million, bringing the total net outflow since the launch of US ETFs to $430 million. Blockchain stocks continued to experience outflows, with outflows of $18 million last week, consistent with outflows from technology-related ETFs.
Last week, the total volume of ETP transactions was $14.8 billion, accounting for 25% of the total market, which is below average. Friday's price correction caused the total assets under management of ETPs to decrease by $10 billion. From a regional perspective, the main outflows were concentrated in the United States, reaching $531 million, while Germany and Hong Kong had outflows of $12 million and $27 million respectively. Canada and Switzerland had inflows of $17 million and $28 million respectively.
