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<ul>
 <li>Crypto investment products saw outflows of $305 million last week.</li>
 <li>Bitcoin and Ethereum products led the outflows, with $319M and $5.7M respectively.</li>
</ul>
The global crypto market has briefly revived from the market dip, with the total market cap bouncing back to $2.05 trillion, marking a 0.23% increase. Notably, the trading volume has surged by 66.12% to $60.11 billion in the last 24 hours. Meanwhile, the digital asset investment products saw outflows totaling $305 million last week.&nbsp;
Global crypto investment asset managers such as Ark Invest, Bitwise, Fidelity, Grayscale, BlackRock, ProShares, and 21Shares returned to net outflows last week. According to CoinShares’ <a href="https://blog.coinshares.com/volume-198-digital-asset-fund-flows-weekly-report-103ff715bd07" target="_blank" rel="noopener noreferrer nofollow">report</a>, the total net inflows for all issuers amounted to $543 million in the past week. <a href="https://thenewscrypto.com/bitcoin-price-plunges-to-57k-causing-uncertainty-in-the-market/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin</a> (BTC), Ethereum (ETH), and Solana (SOL) were the dominant tokens influencing the market flows.
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXd2KEO-pR0QuTx63wDzrZa1TM9GseOBUaB-LyXXa_3Ii5gNbUFiz1vSzKM0W3dixnc5gG0BjAXWKYzluiZ8jWrzqlX_kSXjJ_Y-MMNSyBkdFzpGZ5RBYYgNd-0qoO0WjbYJ8z-e3nWtnFFh8ij7Osv4ixJf?key=yqQHY_bS_hjoSpbs4_THRQ" alt="">
 <figcaption class="wp-element-caption">Weekly Crypto Flows (Source:&nbsp;<a href="https://blog.coinshares.com/volume-198-digital-asset-fund-flows-weekly-report-103ff715bd07" target="_blank" rel="noopener noreferrer nofollow">CoinShares</a>)
 </figcaption>
 </figure>
</div>
Recent reports reveal that the digital investment asset markets globally have undergone remarkable outflows. Notably, the US markets saw outflows totaling $318 million, with Germany noting an outflow of $7.3 million. Comparatively, Sweden witnessed a smaller outflow of $4.3 million. Meanwhile, Canada and Switzerland saw minor inflows of $13.2 million and $5.5 million, respectively.
CoinShares Head of Research James Butterfill stated that the outflows came amid the widespread negative sentiment evident across various providers and regions, which is driven by stronger-than-expected economic data in the US, which “diminished the likelihood of a 50-basis point interest rate cut.”
<h3 class="wp-block-heading" id="h-a-downturn-in-investment-product-sentiment">A Downturn in Investment Product Sentiment?</h3>
The largest cryptocurrency, Bitcoin, has witnessed investment products in net outflows of $319 million over the last week. Moreover, the short Bitcoin funds observed a second week of consecutive <a href="https://thenewscrypto.com/crypto-investment-products-record-inflow-of-30-million-last-week/" rel="noopener noreferrer nofollow">inflows</a> since March, totaling $4.4 million. Bitcoin spot ETFs had a weekly net outflow of $277.12 million.&nbsp;
Meanwhile, the largest altcoin, Ethereum, noted a $5.7 million outflow. While the Ethereum spot ETFs observed a weekly net outflow of $12.60 million. However, Solana saw $7.6 million in inflows. Blockchain has seen $11 million in inflows, notably into Bitcoin miner-specific investment products.
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$305 Million Pulled from Crypto Investment Products This Week

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