Ethereum

The cryptocurrency investment products experienced a reversal last week, with investors pulling out $147 million after several weeks of inflows. CoinShares&#39; Digital Asset Fund Flows weekly <a href="https://blog.coinshares.com/volume-203-digital-asset-fund-flows-weekly-report-a6be2c3600de" rel="noopener noreferrer nofollow">report,</a> which covers the period from September 29 to October 5, highlights this change in market sentiment.Economic Impact on CryptoThe sudden outflows appeared as the economic data came in stronger than expected, reducing the likelihood of large rate cuts. This economic environment created a volatile market which forced the crypto investors to sit back and watch. Even as the trading volumes in the rest of the crypto market continued to be lackluster, ETP trading volumes rose by 15% to $10 billion in the week.Canada and Switzerland were the only countries that posted net inflows of $43m and $35m, respectively. The United States was the largest outflow hub with $209 million leaving digital asset products. At the same time, Germany and Hong Kong recorded net outflows of $8.3 million and $7.3 million respectively.<a href="https://cryptotale.org/crypto-investment-products-face-147m-outflows-amid-volatility/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Crypto Investment Products Face $147M Outflows Amid Volatility

CryptoTale

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