Shiba

Based

Bitcoin

James

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 <li>For the week ending September 29th, digital asset investment products lost $147 million.</li>
 <li>Crypto investment products had inflows of roughly $2 billion in the prior three weeks.</li>
</ul>
According to crypto investment firm <a href="https://coinshares.com/" target="_blank" rel="noopener noreferrer nofollow">CoinShares</a>, cryptocurrency investment products saw withdrawals last week after many weeks of large inflows. For the week ending September 29th, digital asset investment products lost $147 million. This is according to CoinShares’ most recent Digital Asset Fund Flows Weekly Report, which was published on October 7th.
With a one-week influx of $1.2 billion from September 22–28, crypto products had inflows of roughly $2 billion in the prior three weeks. Before the outflows began. According to CoinShares, the stronger-than-expected economic statistics from last week decreased the likelihood of major rate cuts happening soon, which led to last week’s outflows.
<h3 class="wp-block-heading" id="h-investors-eyeing-diversified-portfolio">Investors Eyeing Diversified Portfolio</h3>
While wider crypto markets have seen decreased volumes. Trading volumes in ETP investment products were up 15% for the week, as pointed out by CoinShares’ head of research, James Butterfill.
<a href="https://thenewscrypto.com/national-bank-of-bahrain-nbb-unveils-bitcoin-investment-fund/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin</a> investment products were the most actively traded last week, with $159 million being sold by investors, according to CoinShares.
The $28.9 million in withdrawals continued the negative trend that has plagued products based on <a href="https://thenewscrypto.com/solana-sol-recovers-outperforming-ethereum-in-last-30-days/" target="_blank" rel="noopener noreferrer nofollow">Ether</a> since its exchange-traded funds debuted in the US in July. However, multi-asset investment products have now seen inflows of $29 million for 16 weeks running.
Based on data from CoinShares, multi-asset investment products have garnered $431 million over the last 16 weeks. Which accounts for 10% of the total investments. Investors who want to put their money into a diverse portfolio of assets rather than individual ones have been favoring multi-asset solutions since June, according to CoinShares’ Butterfill.
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Crypto Investment Products Face $147M Outflow, Ending Inflow Streak

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