Shiba

Based

Bitcoin

James

<ul class="wp-block-list">
 <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.
Highlighted Crypto News Today:
<a href="https://thenewscrypto.com/shiba-inu-0-01-dream-analyst-dismisses-the-possibility/" target="_blank" rel="noopener noreferrer nofollow">Shiba Inu’s $0.01 Dream: Analyst Dismisses The Possibility</a>

Crypto Investment Products Face $147M Outflow, Ending Inflow Streak

Table of Contents

TheNewsCrypto

Other articles published on Oct 7, 2024

Crypto Mining Company in Arkansas Sues County Over Discrimination Claims

Kraken Expands European Reach with Acquisition of Dutch Crypto Broker BCM

Kraken Expands European Reach with Acquisition of Dutch Crypto Broker BCM

SUI meme $HIPPO enters into charity partnership with Moo Deng’s zoo

Mayor of Rockdale says Bitcoin mining saved the town’s economy

Japan’s MicroStrategy Continues Bitcoin Buying Spree

Join our free newsletter for daily crypto updates!