BlockBeats news, on August 11, according to CoinShares' latest weekly report data, digital asset investment products saw inflows last week, totaling $572 million. At the beginning of this week, outflows reached $1 billion, possibly due to concerns about growth triggered by weak U.S. employment data.
However, in the latter half of this week, inflows reached $1.57 billion, possibly stimulated by the U.S. government's announcement allowing the use of digital assets in 401(k) retirement plans. The trading volume of digital asset ETPs decreased by 23% compared to the previous month, possibly due to the quieter summer trading. Regionally, inflows in the U.S. and Canada were $608 million and $16.5 million, respectively, while Europe remains bearish, with total outflows from Germany, Sweden, and Switzerland amounting to $54.3 million.
Ethereum ETP led the market, attracting $268 million in inflows, making it the highest among all assets. This brought the year-to-date inflow to a new high of $8.2 billion, while the recent price increase also pushed its total assets under management to a historic high of $32.6 billion, growing 82% year-to-date.
Bitcoin rebounded after two consecutive weeks of outflows, with total inflows last week amounting to $260 million, while outflows for shorting Bitcoin were $4 million. Inflows for Solana, XRP, and Near were $21.8 million, $18.4 million, and $10.1 million, respectively.
