#今日市场观点
The global encryption market is in great shock: 147 million US dollars have flowed out, where do the funds flow?
According to the latest data from CoinShares, global digital asset investment products had a net outflow of US$147 million last week, ending three consecutive weeks of capital inflows. This change has attracted widespread attention from investors, and the reason behind it is that higher-than-expected economic data may dash hopes of a significant interest rate cut.
James Butterfill, director of research at CoinShares, pointed out that investor sentiment has weakened significantly as the possibility of a Fed decreases. In this round of capital outflows, Bitcoin funds performed most significantly, with outflows reaching US$159 million, although short-term investment products bucked the trend and attracted a net inflow of US$2.8 million. Net inflows to funds in the United States, Germany and Hong Kong were relatively strong at $209 million, $8.3 million and $7.3 million respectively, however, this was slightly offset by Canadian and Swiss products.
In terms of Bitcoin price, it is currently trading around $63,595, up 2.6% in the past 24 hours. However, in the past week, Bitcoin experienced an 8.5% drop, which made people lament the violent market fluctuations. Bitcoin is still up 46.6% this year, showing its strong resilience.
At the same time, Ethereum products have not escaped the misfortune of capital outflows, with a net outflow of $28.9 million last week, all due to "low" investor interest in the asset. Unlike Ethereum, multi-asset investment products bucked the trend and rose, with net inflows reaching US$29.4 million, maintaining positive inflows for the 16th consecutive week, with the total reaching US$431 million. This trend shows that more and more investors are beginning to favor diversified asset portfolios.
The market is no longer a game of single assets, and flexible investment strategies are gradually becoming a new trend. As Butterfield said, since June, multi-asset products have gradually become the first choice for investors, accounting for 10% of global crypto fund assets under management. The GMCI 30 index is also constantly changing. Although it fell by about 5% in the past seven days, it rose by 2.5% in the past 24 hours, showing the vitality of the market.
