Digital asset investment products recorded minor outflows of $147 million over the past week, likely driven by stronger-than-anticipated economic data that reduced expectations for substantial rate cuts.<\/p>\n
ETP investment product trading volumes rose slightly by 15% to $10 billion, while overall crypto market volumes remained lower.<\/p>\n
Bitcoin saw significant investor focus, according<\/a> to the latest edition of Digital Asset Fund Flows Weekly Report.<\/p>\n Over the past week, Bitcoin saw outflows reaching $159 million, while short-Bitcoin products recorded inflows of $2.8 million. Despite reversing<\/a> the five-week decline last week, Ethereum yet again experienced a downturn, with $29 million in outflows as interest in the asset stayed weak.<\/p>\n On the positive side, multi-asset investment products (multi-coins) brought in $29 million, marking 16 consecutive weeks of inflows. This streak has accumulated $471 million YTD, accounting for 10% of total assets under management. Since June, multi-asset products have attracted investors looking for more diversified portfolios.<\/p>\n Solana also recorded $5.3 million in weekly inflows. Next up was the Litecoin suit, with $0.9 million in inflows, followed by XRP and Cardano, with $0.3 million in inflows each during the same period.<\/p>\n Canada and Switzerland both showed a bullish trend, with inflows of $43 million and $35 million, respectively. Minor inflows were also seen in Australia and Brazil, with $2 million and $0.8 million over the past week.<\/p>\n On the other hand, the US, Germany, and Hong Kong saw notable outflows of $209 million, $8.3 million, and $7.3 million, while Sweden reported $2.1 million in outflows for the week.<\/p>\n The post Bitcoin Leads Investor Activity with $159M in Outflows; But Multi-Asset Products Shine<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Digital asset investment products recorded minor outflows of $147 million over the past week, likely driven by stronger-than-anticipated economic data that reduced expectations for substantial rate cuts. ETP investment product trading volumes rose slightly by 15% to $10 billion, while overall crypto market volumes remained lower. Bitcoin saw significant investor focus, according to the latest […]<\/p>\n","protected":false},"author":0,"featured_media":12150,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-12149","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/12149"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12149"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/12149\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/12150"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12149"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12149"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12149"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}