CoinShares: $251 million outflow from digital asset investment products last week

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CoinShares2024/05/07 11:42

By:CoinShares

Golden Finance reported that according to the CoinShares report, global digital asset investment products have seen outflows for the fourth consecutive week, totaling $251 million. It is particularly noteworthy that newly issued ETFs in the United States recorded measurable outflows for the first time this week, reaching $156 million. At the same time, Hong Kong successfully launched spot-based Bitcoin and Ethereum ETFs, attracting $307 million in inflows in the first week. In addition, Ethereum broke the trend of seven consecutive weeks of outflows and recorded $30 million in inflows last week. Although Bitcoin saw an outflow of $284 million this week, other digital assets such as Avalanche, Cardano, and Polkadot showed inflows of $500,000, $400,000, and $300,000, respectively.

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