Last week, the digital asset sector saw a net inflow of $572 million, with Ethereum ETP leading the market.

On August 11th, as per the latest weekly report from CoinShares, digital asset investment products witnessed inflows during the previous week, reaching a total of $572 million. Earlier this week, there were outflows of $1 billion, which might have been driven by growth concerns following the soft US employment data. However, in the latter part of the week, inflows reached $1.57 billion, possibly due to the US government's announcement permitting the use of digital assets in 401(k) retirement plans. The trading volume for digital asset ETPs decreased by 23% compared to the previous week, probably because of the subdued summer trading activity. Regionally, inflows in the US and Canada were $608 million and $16.5 million respectively, while Europe continued to experience outflows, with Germany, Sweden, and Switzerland having a total of $54.3 million in outflows. Ethereum ETP took the lead in the market, attracting $268 million in inflows and becoming the highest among all assets. This led to the year-to-date inflow reaching a new high of $8.2 billion. With the recent price increases, its managed assets also reached a record high of $32.6 billion, representing an 82% increase year-to-date. Bitcoin saw a rebound after two consecutive weeks of outflows, with total inflows of $260 million last week, while the shorting of Bitcoin saw outflows of $4 million. Solana, XRP, and Near witnessed inflows of $21.8 million, $18.4 million, and $10.1 million respectively.