TechFlow reported on August 5 that CoinShares' latest weekly report showed digital asset investment products experienced outflows for the first time in four weeks, totaling $528 million, primarily driven by concerns over a potential U.S. economic recession, geopolitical risks, and broad market liquidations across most asset classes.
Bitcoin saw outflows of $400 million, ending five consecutive weeks of inflows; Ethereum recorded outflows of $146 million, bringing the net outflow since the launch of U.S. ETFs to $430 million. Although newly launched U.S. ETFs attracted $430 million in positive inflows last week, this was offset by $603 million in outflows from Grayscale trusts.
Total trading volume reached $14.8 billion, accounting for 25% of overall market volume, indicating lower-than-average market activity. Additionally, blockchain-related equities continued to face outflows, declining another $18 million last week, consistent with the broader trend of outflows from technology-related ETFs.
