TechFlow news, October 7 — CoinShares' latest weekly report shows a slight outflow from digital asset investment products last week, totaling $147 million. The analysis suggests that better-than-expected economic data reduced the likelihood of aggressive rate cuts, potentially dampening investor sentiment.
On a per-asset basis, Bitcoin experienced outflows of $159 million, while short Bitcoin products attracted $2.8 million in inflows. Ethereum saw outflows of $29 million, reflecting persistently weak investor interest. Multi-asset investment products (comprising diversified baskets of cryptocurrencies) attracted $29 million in inflows, marking the 16th consecutive week of positive flows. Since June, these products have accumulated $431 million in inflows, representing 10% of their assets under management. CoinShares noted that investors continue to favor diversified portfolios over single-asset exposure.
By region, Canada and Switzerland showed upward trends, attracting $43 million and $35 million in inflows respectively. In contrast, the U.S., Germany, and Hong Kong recorded outflows of $209 million, $8.3 million, and $7.3 million respectively.
Weekly trading volume for ETP investment products rose modestly by 15% to $10 billion, while broader cryptocurrency market volumes declined. This indicates sustained institutional interest in digital assets, despite a slightly cautious overall market sentiment.
