United

Strong

Bitcoin

Show

Million

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/investors-withdraw-147-million-from-digital-asset-investment-products/" data-wpel-link="internal">Investors Withdraw $147 Million from Digital Asset Investment Products</a><br></p>
<p style="text-align: justify">According to CoinShares data, a total of $147 million was withdrawn from digital asset investment products last week. Strong economic data in the United States diminished expectations for significant interest rate cuts, leading to weak market sentiment. Notably, Bitcoin -focused withdrawals drew attention, while some investment instruments continued to resist this negative trend.</p> 
<h2 style="text-align: justify" id="strong-significant-bitcoin-withdrawals-with-record-inflows-in-multi-asset-products-strong"><strong>Significant Bitcoin Withdrawals with Record Inflows in Multi-Asset Products</strong></h2> 
<p style="text-align: justify">Last week, investor interest heavily concentrated on Bitcoin, resulting in a withdrawal of $159 million. In contrast, short Bitcoin investment products, which bet against falling Bitcoin prices, saw an inflow of $2.8 million. Ethereum also suffered from this negative trend, experiencing withdrawals of $29 million, indicating continued low interest from investors.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter  wp-image-394962" src="https://coin-turk.com/wp-content/uploads/2024/10/1TOlBE9MntdkBr0ojlkby9A.webp" alt="" width="889" height="894"></p> 
<h2 style="text-align: justify" id="strong-canada-and-switzerland-show-optimism-while-the-u-s-and-germany-remain-pessimistic-strong"><strong>Canada and Switzerland Show Optimism, While the U.S. and Germany Remain Pessimistic</strong></h2> 
<p style="text-align: justify">Regionally, Canada and Switzerland presented an optimistic outlook, with inflows of $43 million and $35 million, respectively. However, the U.S. experienced outflows of $209 million, Germany faced $8.3 million, and Hong Kong saw $7.3 million in withdrawals. This suggests a loss of confidence among investors in the <a href="https://en.coin-turk.com/investors-show-increased-confidence-in-crypto-assets/" data-wpel-link="internal"></a><a href="https://en.coin-turk.com/new-partnership-highlights-in-the-cryptocurrency-world/" data-wpel-link="internal">cryptocurrency</a> market in these regions.</p> 
<p style="text-align: justify">Compared to the previous week, trading volume in digital asset investment products rose by 15%, reaching $10 billion. However, overall trading volume in the cryptocurrency market remained at lower levels, indicating that investors are cautious and avoiding large transactions in a high-uncertainty environment.</p> 
<p>The post <a href="https://en.coin-turk.com/investors-withdraw-147-million-from-digital-asset-investment-products/" data-wpel-link="internal">Investors Withdraw $147 Million from Digital Asset Investment Products</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.</p>

Investors Withdraw $147 Million from Digital Asset Investment Products

Table of Contents

COINTURK NEWS

Other articles published on Oct 7, 2024

Best Crypto Presales in October 2024: Top Projects You Can’t Miss

XRP Slowly Recovers, But SEC Appeal Continues to Weigh on Price

NYDIG Says Bitcoin Still Best Performing Asset of 2024

Crypto Analysts Predict $1 for MoonBag as October 11th Launch Draws Near- Here’s Why You Can’t Mi...

Bitget Announces Full Compensation Plan Following Sudden $BGB Token Crash

SUI Token Reaches All-Time Highs Key Levels ,What’s Next for the Market?

Join our free newsletter for daily crypto updates!