According to CoinShares data, a total of $147 million was withdrawn from digital asset investment products last week. Strong economic data in the United States diminished expectations for significant interest rate cuts, leading to weak market sentiment. Notably, Bitcoin -focused withdrawals drew attention, while some investment instruments continued to resist this negative trend.
Significant Bitcoin Withdrawals with Record Inflows in Multi-Asset Products
Last week, investor interest heavily concentrated on Bitcoin, resulting in a withdrawal of $159 million. In contrast, short Bitcoin investment products, which bet against falling Bitcoin prices, saw an inflow of $2.8 million. Ethereum also suffered from this negative trend, experiencing withdrawals of $29 million, indicating continued low interest from investors.
Canada and Switzerland Show Optimism, While the U.S. and Germany Remain Pessimistic
Compared to the previous week, trading volume in digital asset investment products rose by 15%, reaching $10 billion. However, overall trading volume in the cryptocurrency market remained at lower levels, indicating that investors are cautious and avoiding large transactions in a high-uncertainty environment.
