TechFlow news, August 4: CoinShares released its latest weekly report showing that digital asset investment products recorded $223 million in outflows last week, ending a previous streak of 15 consecutive weeks of inflows. Bitcoin saw $404 million in redemptions due to the Fed's hawkish stance and strong U.S. economic data, but it still maintains $20 billion in net inflows year-to-date.
Ethereum continued its strength, attracting $133 million in inflows last week, marking the 15th consecutive week of positive flows. Elsewhere, XRP, SOL, and SEI attracted inflows of $31.2 million, $8.8 million, and $5.8 million respectively.
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