BlockBeats news, August 4th, CoinShares released the latest weekly report data, showing that digital asset investment products experienced their first outflow of funds in 15 weeks. As of the end of this week, the total outflow amount reached $223 million. The week started strong with inflows of $883 million, but this trend reversed in the latter half of the week, possibly triggered by the tough FOMC meeting and a series of better-than-expected U.S. economic data. Although the weak job data over the weekend had dovish implications for the Federal Reserve, the general risk-averse sentiment led to further outflows, with outflows exceeding $1 billion on Friday.
Bitcoin was the first to be impacted by negative sentiment, with an outflow of $404 million this week. Nevertheless, the inflows year-to-date remain strong, reaching $20 billion.
Ethereum, despite facing a hit later this week, still achieved net inflows for the 15th consecutive week, totaling $133 million, indicating strong market optimism for the asset. XRP, Solana, and SEI also received good support, with inflows of $31.2 million, $8.8 million, and $5.8 million, respectively. Aave and Sui saw inflows of $1.2 million and $800,000, respectively.
