CoinShares Weekly Report: Last week, net outflows from digital asset investment products amounted to $1.43 billion, marking the largest single-week net outflow since March.

According to CoinShares weekly report data, last week global digital asset investment products experienced the largest single-week outflow of funds since March, with a total outflow of 1.43 billion USD.

At the same time, the weekly trading volume of exchange-traded products (ETP) soared to $38 billion, about 50% higher than the average level for the year, reflecting a deepening divergence in investor sentiment and an increase in market activity.

The recent capital outflow was mainly influenced by expectations regarding the Federal Reserve's policies. Early last week, there was a massive outflow of $2 billion as investors anticipated that monetary policy might continue to tighten. However, this trend reversed after Federal Reserve Chairman Powell's speech at the Jackson Hole annual meeting. His remarks were interpreted by the market as dovish, leading to a capital inflow of $594 million and easing market sentiment.

The capital flow of mainstream assets still shows a significant divergence trend. Bitcoin experienced a large outflow of $1.03 billion last week, while Ethereum also had an outflow of $440 million, but relatively demonstrated stronger resilience.

It is worth noting that Ethereum has seen a net inflow of $2.525 billion so far this month, while Bitcoin has experienced a net outflow of $1.051 billion. This comparison shows a shift in institutional investors' sentiment towards investments in ETH and BTC.

From the perspective of capital inflow proportion, Ethereum has accounted for 26% of its assets under management ( AUM ) in inflow amount from the beginning of the year to date ( YTD ), which is far higher than Bitcoin's 11%.

The capital flow of altcoins is also showing a diverging trend. XRP, Solana, and Cronos recorded net inflows of 25 million, 12 million, and 4.4 million USD respectively last week. In contrast, Sui and Ton experienced outflows of 12.9 million and 1.5 million USD respectively.

From the perspective of country/region distribution, the United States had a weekly net outflow of $1.311 billion, ranking first in last week's outflow volume; while Sweden and Switzerland recorded nearly $136 million and $11.8 million in weekly net outflows, respectively.

Conversely, Germany, Canada, Australia, Hong Kong, and Brazil saw weekly net inflows of $18.4 million, $3.7 million, $3.5 million, $2.6 million, and $1 million respectively.

As the September interest rate cut approaches, policy expectations and capital flows will be key factors influencing market trends.

#数字资产 investment trend