investment products

CoinShares: Last week, net outflows from digital asset investment products were $147 million, while multi-asset products saw inflows for 16 consecutive weeks

ChainCatcher news, CoinShares' latest weekly report shows that last week, digital asset investment products experienced a slight outflow, totaling $147 million. Analysts believe that better-than-expected economic data last week reduced the likelihood of significant interest rate cuts, which may have led to a decline in investor sentiment.In terms of specific assets, Bitcoin faced an outflow of $159 million, while short Bitcoin products attracted an inflow of $2.8 million. Ethereum saw an outflow of $29 million, with investor interest remaining low. Multi-asset investment products (a combination of various cryptocurrencies) attracted an inflow of $29 million, marking 16 consecutive weeks of inflows. Since June, these products have seen a cumulative inflow of $431 million, accounting for 10% of their assets under management. CoinShares pointed out that investors are more inclined to invest in diversified asset portfolios rather than single assets. Regionally, Canada and Switzerland showed an upward trend, attracting inflows of $43 million and $35 million, respectively. The United States, Germany, and Hong Kong experienced outflows of $209 million, $8.3 million, and $7.3 million, respectively.The weekly trading volume of ETP investment products rose slightly by 15% to $10 billion, while the broader cryptocurrency market trading volume declined. This indicates that institutional investors' interest in digital assets remains strong, despite a slightly cautious overall market sentiment.
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