Digital asset investment products experienced outflows totaling $147 million last week, likely due to stronger-than-expected economic data, which dampened investor sentiment. Bitcoin led the decline with outflows of $159 million, while Ethereum followed with $29 million in outflows. Despite these withdrawals, there was a 15% surge in trading volumes for digital asset products overall. This shift reflects how external factors, like economic data, can heavily influence investor decisions in the crypto market.

While these major assets saw outflows, multi-asset products, which include a diverse portfolio of cryptocurrencies, attracted $29 million in inflows, marking the 16th consecutive week of positive performance for these products.