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CoinShares’ latest report reveals that global crypto investment products from asset management firms such as Ark Invest, Bitwise, BlackRock, Fidelity, Grayscale, ProShares, and 21Shares experienced a net outflow of $305 million last week, following a net inflow of $543 million the previous week.James Butterfill, Head of Research at CoinShares, stated that the outflows were driven by “negative sentiment across all providers and regions,” which stemmed from stronger-than-expected U.S. economic data that “reduced the likelihood of a 50 basis point rate cut.”Butterfill added, “As the Federal Reserve approaches a rate pivot, we continue to expect this asset class to become increasingly sensitive to interest rate expectations.”<img src="https://klteeqb691.feishu.cn/space/api/box/stream/download/asynccode/?code&#61;NDYyZTQ1YjBlZjk4NjQ2YmI4MjdkMzdiZjE4ZmNhZTBfNkMyY1JlWkhMUzlHaFlkdXBmREV1YXI0bUtXRm1KSVRfVG9rZW46VllBOGJkaTdHb0VDV0t4R1RjT2NvakxlbmVmXzE3MjUzNTA0MjI6MTcyNTM1NDAyMl9WNA" /><h3 id="strong-negative-sentiment-focused-on-bitcoin-strong">Negative Sentiment Focused on Bitcoin</h3>Butterfill noted that the negative sentiment was primarily focused on Bitcoin, with investment products based on the leading cryptocurrency seeing net outflows of $319 million last week. In contrast, short Bitcoin funds recorded inflows of $4.4 million for the second consecutive week, marking the largest inflow since March.According to The Block’s report on Saturday, U.S. spot Bitcoin ETFs alone saw net outflows of $277.2 million last week, with ETFs experiencing a monthly net outflow of $94.2 million for the first time since April. This compares to a total net inflow of $3.2 billion in July.<img src="https://klteeqb691.feishu.cn/space/api/box/stream/download/asynccode/?code&#61;MmU3Y2ZkMjZlMzkyMTRmNzg4Zjc1ZDhiZjQ1MWMxZTNfRmRsQlpyVmVVRExOcnRReFpSaHV2dDVFZFN6VkU2NUVfVG9rZW46SndPRmIybXpvb1JtRTR4U3VoRmNZdWhHbmRkXzE3MjUzNTA0MjI6MTcyNTM1NDAyMl9WNA" />Meanwhile, global Ethereum investment products also experienced net outflows worth $5.7 million last week, with trading volume dropping to 15% of the levels seen during the launch week of the U.S. spot ETF at the end of July, matching pre-launch volumes.U.S. spot Ethereum ETFs recorded net outflows of $12.4 million last week, with zero flows on Friday, indicating waning market interest in these products.<img src="https://klteeqb691.feishu.cn/space/api/box/stream/download/asynccode/?code&#61;YzZkMDk0ODVlODhmYWI5OTI0ZDMzNjhjMDBmMjFjMjJfaEhwTnd1MzJwYnNKS0RyN3VyWmwzcE1nSWFDSXB5cjBfVG9rZW46SXBZa2JpUkdrbzRNem14N0NOeWM3QTVhbjZkXzE3MjUzNTA0MjI6MTcyNTM1NDAyMl9WNA" />However, Solana funds bucked the trend with net inflows of $7.6 million last week. According to CoinShares’ report, blockchain equities also saw net inflows of $11 million, primarily concentrated in Bitcoin miner investment products.

CoinShares: Stronger Macroeconomic Data Led to $305 Million Outflow from Digital Asset Funds Last Week

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