According to ChainCatcher, CoinShares' latest weekly report shows that digital asset investment products saw a small outflow last week, totaling $147 million. Analysts believe that last week's economic data was better than expected, reducing the possibility of a sharp interest rate cut, which may lead to low investor sentiment.
In terms of specific assets, Bitcoin suffered an outflow of $159 million, while short Bitcoin products attracted inflows of $2.8 million. Ethereum saw an outflow of $29 million, and investor interest remained sluggish. Multi-asset investment products (a combination of multiple cryptocurrencies) attracted inflows of $29 million, and have been inflows for 16 consecutive weeks. Since June, such products have accumulated inflows of $431 million, accounting for 10% of its assets under management. CoinShares pointed out that investors prefer to invest in a diversified portfolio of assets rather than a single asset. From a regional perspective, Canada and Switzerland showed an upward trend, attracting inflows of $43 million and $35 million, respectively. The United States, Germany, and Hong Kong saw outflows of $209 million, $8.3 million, and $7.3 million, respectively.
Weekly trading volumes for ETP products edged up 15% to $10 billion, while broader cryptocurrency market volumes fell, suggesting continued institutional interest in digital assets despite slightly more cautious overall market sentiment.
