Bitcoin Leads Investor Activity with $159 Million Outflow; But Multi-Asset Products Shine

Robert Novoski

Digital asset investment products recorded small outflows of $147 million over the past week, likely driven by stronger-than-expected economic data that dampened expectations of a major rate cut.

ETP investment product trading volume rose slightly by 15% to $10 billion, while overall crypto market volume remained lower.

Bitcoin is seeing significant investor focus, according to the latest edition of the Digital Asset Fund Flows Weekly Report.

Over the past week, Bitcoin outflows totaled $159 million, while short Bitcoin products saw inflows of $2.8 million. Despite reversing a five-week decline last week, Ethereum experienced another downturn, with outflows of $29 million as interest in the asset remained weak.

On the positive side, multi-asset (multi-coin) investment products generated $29 million, marking the 16th consecutive week of inflows. This has raised $471 million YTD, accounting for 10% of total assets under management. Since June, multi-asset products have attracted investors looking for a more diversified portfolio.

Solana also recorded weekly inflows of $5.3 million. Next in line was Litecoin, with inflows of $0.9 million, followed by XRP and Cardano, with inflows of $0.3 million each over the same period.

Canada and Switzerland both showed bullish trends, with inflows of $43 million and $35 million respectively. Small inflows were also seen in Australia and Brazil, with $2 million and $0.8 million over the past week.

On the other hand, the United States, Germany and Hong Kong saw outflows of $209 million, $8.3 million and $7.3 million, while Sweden reported outflows of $2.1 million this week.

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