Last week, digital asset investment products saw small outflows of $147 million. This is attributed to the easing of expectations for a major interest rate cut due to stronger-than-expected economic data.
While ETP investment product trading volume increased by 15% to $10 billion, the overall crypto market volume remained low. Bitcoin became the focus of investors and saw an outflow of $159 million. Short-Bitcoin products saw an inflow of $2.8 million.
Ethereum saw an outflow of $29 million again after last week’s recovery. Multi-asset investment products (multi-coins) have shown positive performance for 16 consecutive weeks with an inflow of $29 million. These products, which have accumulated a total of $471 million this year, respond to investors’ search for a diversified portfolio.
Solana saw an inflow of $5.3 million, while Litecoin saw an inflow of $0.9 million, and XRP and Cardano saw an inflow of $0.3 million. Canada and Switzerland saw inflows of $43 million and $35 million, respectively, while Australia and Brazil saw small inflows.
Meanwhile, the US, Germany and Hong Kong saw outflows of $209 million, $8.3 million and $7.3 million respectively, while Sweden reported outflows of $2.1 million. 📉📈