Recent insights reveal that digital asset investment products have faced minimal outflows totaling $147 million last week, as reported by CoinShares in their latest weekly analysis. The latest economic data, which surpassed expectations, has lessened the potential for substantial interest rate reductions, thereby influencing investor sentiment in the digital asset space.
Despite this downturn, ETP investment product trading volumes experienced a 15% increase this week, contrasting with a broader decline in cryptocurrency trading volumes. Analyzing regional performances, Canada and Switzerland have shown positive trends, each drawing inflows of $43 million and $35 million, respectively.
On the flip side, the United States, Germany, and Hong Kong have recorded outflows of $209 million, $8.3 million, and $7.3 million, respectively. The primary focus for investors recently has been Bitcoin, which faced outflows amounting to $159 million; however, it is noteworthy that Bitcoin short products saw inflows of $2.8 million.
Ethereum also followed this negative trend, with outflows of $29 million, reflecting a sustained low interest level among investors for this particular asset. Interestingly, multi-asset investment products, which encompass various cryptocurrencies, gained traction with inflows of $29 million, marking the 16th consecutive week of positive inflows.
Cumulatively over this period, total inflows have reached $431 million, comprising around 10% of total assets under management. Since June, there has been a notable preference among investors for multi-asset products, which offer diversified options compared to investing in single assets exclusively..