PANews reported on August 12 that according to the latest weekly data from CoinShares, the total inflow of digital asset investment products reached $176 million, as investors viewed recent price weakness as a buying opportunity. The total assets under management (AuM) of investment products has fallen to $75 billion, losing more than $20 billion in the adjustment, but has since rebounded to $85 billion. ETP trading activity is much higher than usual, at $19 billion this week, while the average weekly trading volume so far this year is $14 billion.
Ethereum has benefited the most from the recent market correction, attracting $155 million in inflows last week. This brings its year-to-date inflows to $862 million, the highest level since 2021, mainly due to the recent launch of US spot ETFs.
Bitcoin saw outflows at the start of the week, but saw significant inflows in the last few days, bringing the total inflows for the week to $13 million. Short Bitcoin ETPs saw their largest outflows since May 2023, totaling $16 million (23% of assets under management), bringing assets under management for short positions to their lowest level since the beginning of the year, indicating a large number of investors exiting.
