Global crypto investment products experienced $147 million in net outflows last week, ending a three-week inflow streak of nearly $2 billion, according to CoinShares. Bitcoin-based funds saw the largest outflows at $159 million, while short-bitcoin products attracted $2.8 million in inflows. Funds in the U.S., Germany, and Hong Kong were hit hardest, while Canada and Switzerland posted inflows of $43 million and $34.9 million, respectively. Ethereum-based products resumed outflows of $28.9 million, but multi-asset investment products saw $29.4 million in inflows, continuing a 16-week positive streak. Weaker sentiment was attributed to stronger-than-expected economic data affecting rate cut expectations. Source: The Block
