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Digital asset investment is recovering, with Ethereum ETP leading the rise and attracting $268 million.
On August 11, according to the latest weekly report from the data platform, investment products in digital assets saw a recovery in inflows last week, totaling $572 million. At the beginning of this week, outflows reached $1 billion, possibly due to growth concerns triggered by weak U.S. employment data.
However, during the second half of this week, inflows reached $1.57 billion, which may have been 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 fell by 23% month-on-month, likely due to the quieter summer trading period. From a regional perspective, inflows into the U.S. and Canada were $608 million and $16.5 million, respectively, while Europe remained bearish, with a total outflow of $54.3 million from Germany, Sweden, and Switzerland.
Ethereum ETP leads the market, attracting $268 million in inflows, making it the highest among all assets. This brings the year-to-date inflow total to a new high of $8.2 billion, and the recent price rise has also pushed its total managed assets to a historic high of $32.6 billion, rising 82% year-to-date.
Bitcoin has rebounded after two consecutive weeks of capital outflows, with a total inflow of 260 million USD last week, while the amount of capital flowing out for shorting Bitcoin was 4 million USD. The inflows for Solana, XRP, and Near were 21.8 million USD, 18.4 million USD, and 10.1 million USD, respectively.