CoinShares: $528 million outflow from digital asset investment products last week

BlockBeats news, on August 5, according to CoinShares' latest weekly report, digital asset investment products saw their first outflow of funds in four weeks, totaling $528 million. CoinShares believes that this reflects market concerns about a U.S. recession, geopolitical issues, and the resulting broad market liquidation of most asset classes.

Bitcoin saw a total outflow of $400 million, the first outflow after five consecutive weeks of inflows.

Ethereum's outflows totaled $146 million, bringing the total net outflow since the launch of U.S. ETFs to $430 million.