CoinShares: Digital asset investment products saw outflows for the fourth consecutive week, totaling $251 million

PANews reported on May 7 that according to CoinShares weekly data, global digital asset investment products have seen capital outflows for the fourth consecutive week, totaling $251 million. It is particularly noteworthy that newly issued ETFs in the United States recorded measurable capital outflows for the first time this week, reaching $156 million. At the same time, Hong Kong successfully launched spot-based Bitcoin and Ethereum ETFs, attracting $307 million in inflows in the first week. In addition, Ethereum broke the trend of capital outflows for seven consecutive weeks, recording $30 million in inflows last week. Although Bitcoin saw an outflow of $284 million this week, other digital assets such as Avalanche, Cardano, and Polkadot showed inflows of $500,000, $400,000, and $300,000, respectively.