📉 Market Update: Digital Asset Outflows and Trends 📈

Last week, digital asset investment products faced significant outflows totaling $147 million, largely driven by stronger-than-expected economic data that impacted investor sentiment. Bitcoin was hit hardest, with outflows of $159 million, followed by Ethereum, which saw $29 million in withdrawals.

Despite these challenges, trading volumes for digital asset products surged by 15%, highlighting the volatility and responsiveness of the crypto market to external factors.

Interestingly, while major assets faced declines, multi-asset products—featuring a diversified portfolio of cryptocurrencies—attracted $29 million in inflows. This marks the 16th consecutive week of positive performance for these products, indicating ongoing interest in a broader market approach.

Stay tuned for more insights as we navigate this dynamic landscape! #CryptoMarket #Bitcoin #Ethereum #InvestSmart #Write2Earn!