On August 11, according to the latest weekly report from CoinShares, digital asset investment products saw a resumption of inflows last week, totaling $572 million. At the beginning of the week, outflows reached $1 billion, possibly due to growth concerns triggered by weak US employment data.
However, in the latter half of the week, inflows reached $1.57 billion, which may have been stimulated by the US government's announcement allowing digital assets in 401(k) retirement plans. Digital asset ETP trading volume decreased by 23% quarter-on-quarter, possibly due to the slower summer trading period. Regionally, the US and Canada saw inflows of $608 million and $16.5 million respectively, while Europe remained bearish, with Germany, Sweden, and Switzerland experiencing total outflows of $54.3 million.
Ethereum ETP led the market, attracting $268 million in inflows, the highest among all assets. This has brought year-to-date inflows to a new high of $8.2 billion, while recent price increases have also driven its total managed assets to a historical peak of $32.6 billion, growing 82% this year.
After two consecutive weeks of outflows, Bitcoin rebounded with total inflows of $260 million last week, while short Bitcoin funds saw outflows of $4 million. Solana, XRP, and Near saw inflows of $21.8 million, $18.4 million, and $10.1 million respectively.
