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Last week, there was a substantial decrease in the amount of money invested in crypto-based investment products, with a total of $305 million being withdrawn. This decrease was mainly caused by a decrease in investments in Bitcoin.The withdrawal, predominantly influenced by <a href="https://optimisus.com/news/crypto-news/bitcoin-price-dips-to-around-57k-in-the-last-24-hours/" rel="noopener noreferrer nofollow">Bitcoin</a>, indicates a prevailing pessimistic feeling among investors in different geographical areas. Between August 26 and August 31, the United States was responsible for the largest amount of money leaving crypto investment products, with a total of $318 million.This reflects a growing sense of doubt among American investors. Last week, Germany and Sweden had outflows of $7.3 million and $4.3 million respectively, placing them in the second and third positions for negative flows this month. Canada defied the prevailing pattern by recording $13.2 million in inflows, despite experiencing the largest year-to-date (YTD) outflows.Bitcoin, the dominant <a href="https://optimisus.com/news/crypto-news/the-us-bitcoin-etfs-see-over-94-million-outflow-in-august/" rel="noopener noreferrer nofollow">crypto in terms of market capitalization</a>, experienced a significant decline in market sentiment, resulting in a total of $319 million being withdrawn from it.The decline was especially significant in Bitcoin ETFs, which experienced the majority of the losses compared to other investment products. The ARK 21Shares Bitcoin ETF (ARKB) experienced the highest amount of outflows, with a total of $220.95 million being removed.Concurrently, the Grayscale Bitcoin Trust (GBTC) and the ProShares Bitcoin Strategy ETF (BITO) experienced withdrawals of $119.19 million and $78.28 million, correspondingly.Ethereum had a significant lack of growth, as trade volumes remained at a consistently low level. Trading volumes of Ethereum-based investment products reached levels comparable to those prior to the introduction of spot ETH ETFs, representing only 15% of the trading activity observed during the week of the US ETF launch.On August 30, there was no trading activity observed in <a href="https://optimisus.com/news/crypto-news/users-panic-as-whale-sends-90k-eth-to-binance-in-the-last-24-hours/" rel="noopener noreferrer nofollow">Ethereum ETFs</a>, which is an unprecedented occurrence since the introduction of US spot crypto-based ETFs in January. Last week, products based on Solana performed well, attracting $7.6 million in inflows.The paper highlights the susceptibility of crypto to macroeconomic factors, including predictions regarding interest rates. Given the Federal Reserve&#39;s imminent consideration of a policy shift, it is expected that the market will continue to experience fluctuations.

Crypto investment products sees over $300 million in outflows last week

Optimisus

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