2 min de lecture$147m Outflows Amid Weaker Sentiment; Multi-Asset Products Inflows for 16th Straight Week
Digital asset investment products saw minor outflows totalling US$147m last week. Higher than expected economic data last week being the likely culprit.
Investors focussed on Bitcoin, with outflows of US$159m, while short-bitcoin saw inflows of US$2.8m.
Multi-asset investment products (multi-coin) saw inflows of US$29 million, marking their 16th consecutive week of inflows.
Digital asset investment products saw minor outflows totalling US$147m last week. Higher than expected economic data last week, reducing the probabilities for significant rate cuts are the likely reason for the weaker sentiment amongst investors. Trading volumes were up marginally by 15% to US$10 for the week in ETP investment products, while we have seen lower volumes in broader crypto markets.
Regionally, the Canada joining Switzerland in its bullish trend, seeing inflows of US$43m and US$35m respectively. While the US, Germany and Hong Kong saw outflows of US$209m, US$8.3m and US$7.3m respectively.
Investors focussed on Bitcoin, with outflows of US$159m, while short-bitcoin saw inflows of US$2.8m.
Ethereum was not spared from the negative trend, with US$29 million in outflows last week, while investor interest in the asset remains lacklustre.
Multi-asset investment products (multi-coin) saw inflows of US$29 million, marking their 16th consecutive week of inflows. These weeks have totalled US$431 million, representing 10% of assets under management. Since June, multi-asset products have been a favourite among investors who prefer to invest in a diversified basket of assets rather than individual ones.
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