ChainCatcher news, according to CoinShares’ latest weekly report, digital asset investment products saw a total inflow of $30 million last week. Weekly trading volumes in investment products fell to $7.6 billion, nearly 50% of the previous week, as recent macroeconomic data suggested the Fed was less likely to cut interest rates by 50 basis points in September.
Bitcoin saw the most significant inflows, totaling $42 million, while short Bitcoin ETFs saw outflows for the second week in a row, totaling $1 million.
Ethereum only saw an inflow of US$4.2 million last week; in addition, Solana saw a net outflow of US$39 million due to a sharp drop in Meme currency trading volume, setting a record for the highest single-week outflow.