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.

ChainCatcher news, according to official sources, cryptocurrency bank Sygnum has announced the launch of its 24/7 multi-asset instant settlement network Sygnum Connect.The network provides fiat, digital asset, and stablecoin trading settlement services for institutional investors, liquidity providers, stablecoin issuers, brokers, and specific trading platforms.

ChainCatcher news, Binance announced that after 16:30 (UTC+8) on May 29, 2024, the automatic exchange threshold for the multi-asset mode of USDT and USDC for regular users and VIP 1 users will be lowered to -5,000 USDT and -5,000 USDC.

ChainCatcher news, multi-asset investment platform eToro is seeking a valuation of over $3.5 billion for its IPO, with the company believing that while the UK is its largest market, the US remains a potential listing destination. eToro is currently considering an IPO in New York or London.eToro founder and CEO Yoni Assia stated that going public in the US would allow the company to reach a broader base of investors than in the UK market.

ChainCatcher message, Ethereum modular execution layer Fuel launches the fourth public testnet Beta-4, which adds public P2P access and multi-token support, supporting native-level NFTs, multi-asset pools, and more.Fuel states that Beta-4 is not an incentivized testnet, and participation in this network will not yield direct rewards.

ChainCatcher news, the regulated digital asset management company Virtune from Sweden announced that it will list the first physically-backed multi-asset cryptocurrency ETP on Nasdaq Stockholm. This ETP tracks the Virtune Vinter Crypto Top 10 Index (VTOP10) constructed by the Swedish BMR index provider Vinter.This ETP is a validated and tested tool that provides passive exposure to underlying blockchain protocols and serves as a convenient and secure entry point for investors. The physical backing means that all components in the ETP are fully collateralized by the underlying crypto assets. The VTOP10 index provides risk exposure to 85% of the crypto market by investing in the top 10 cryptocurrencies by market capitalization. Virtune will rebalance the index monthly and provide dynamic risk exposure as new cryptocurrencies enter the index. The VTOP10 ETP will be open to both retail and institutional investors and can be traded on the Nasdaq Stockholm exchange like regular securities. (Source link)

ChainCatcher news, Layer1 public chain [Sei](https://www.rootdata.com/zh/Projects/detail/Sei Network?k=Mjc5MA==) announced a new liquidity alliance with multi-asset trading company FlowTraders, which will provide market-making and institutional-level liquidity for Sei.Previously reported, Sei Network completed a $30 million financing at a valuation of $800 million and plans to launch its mainnet later this year. (Source link)

ChainCatcher news, zero-knowledge proof research institution StarkWare announced the official release of StarkEx V5.0 for spot trading, supporting multi-asset trading, minting ERC-1155 and ERC-20 tokens.According to ChainCatcher previous report, on June 23, 2022, StarkWare released StarkEx V4.5, supporting Volition, ERC-1155, and trade bundling. (source link)

ChainCatcher news, Grayscale announced a quarterly update to the component weights of the multi-asset cryptocurrency index funds GDLC, DEFG, and GSCPXE.In this adjustment, AVAX has been removed from the Grayscale Digital Large Cap Fund (GDLC). As of January 5, 2023, the assets held by the fund include BTC, ETH, ADA, SOL, and MATIC.Additionally, ALGO has been removed from the Grayscale Non-Ethereum Smart Contract Platform Fund (GSCPxE). As of January 5, 2023, the assets held by the fund include ADA, SOL, MATIC, DOT, AVAX, and ATOM.SNX has returned to the Grayscale DeFi Fund (DEFG) index. As of January 5, 2023, the other assets held by the fund include UNI, AAVE, MKR, CRV, and COMP. (Source link)

ChainCatcher news, according to The Block, eToro announced today the acquisition of portfolio management company Bullsheet. The specific terms of the acquisition were not disclosed, but according to a source familiar with the matter, the deal is worth several million euros.ChainCatcher previously reported that eToro announced a 6% global layoff in July this year, with its CEO and co-founder Yoni Assia stating that the layoffs would help the company take a more balanced approach between growth and profitability. (The Block)