PANews reported on October 7 that according to the latest weekly data from CoinShares, digital asset investment products saw a small outflow last week, totaling $147 million. Last week's economic data was higher than expected, and the possibility of a sharp interest rate cut was reduced, which may be the reason for the low investor sentiment. The trading volume of ETP investment products rose slightly by 15% this week, while the trading volume of the broader cryptocurrency market declined.
From a regional perspective, Canada and Switzerland both 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. Investors focused on Bitcoin, with outflows reaching $159 million, while Bitcoin shorts attracted inflows of $2.8 million. Ethereum was not immune to this negative trend, with outflows of $29 million last week, and investor interest in the asset remained sluggish.
Multi-asset investment products (multiple cryptocurrencies) attracted $29 million in inflows, marking the 16th consecutive week of inflows. The total inflows in these weeks reached $431 million, accounting for 10% of assets under management. Multi-asset products have been popular among investors since June, who prefer to invest in a diversified portfolio of assets rather than a single asset.
