Investments in digital assets continue to decline, with a total outflow of $251 million reported globally. This figure surpasses the $307 million inflow into Hong Kong financially.

Last week marked the fourth consecutive week of outflows from digital asset investment products, with a particular focus on ETFs in the US. The outflows amounted to $251 million, with newly issued ETFs experiencing measurable declines totaling $156 million.

The average purchase price of these ETFs, which is estimated to be $62,200 per bitcoin since their launch, may have triggered automatic sell orders as the price fell below this level by 10%. Bitcoin continued to dominate the market, with outflows totaling $284 million, while Ethereum saw a reversal with $30 million in inflows last week.

Other altcoins also received inflows, including Avalanche, Cardano, Polkadot, Solana, and Litecoin, attracting various amounts of investments over the same period. Geographically, the United States recorded the highest outflows at $504 million, followed by Sweden at $30.3 million. Canada, Switzerland, and Germany also experienced significant weekly outflows, while Brazil saw inflows of $3.7 million.

Despite this overall decline, there was a positive highlight in the successful launch of spot Bitcoin and Ethereum ETFs in Hong Kong, which attracted nearly $307 million in inflows during the first week of trading.