Weekly Outflows from Crypto Investment Products Hit $305M

Following a period of large multi-week inflows, there has been a noticeable shift in the cryptocurrency investment product market as major outflows are now being seen.

This trend can be attributed to the release of strong economic reports in the United States. According to a digital asset fund flows report published on September 2, CoinShares revealed that digital asset investment products experienced outflows of $305 million last week.

This was driven by the release of “stronger-than-expected economic data” in the US. US investors were found to be the largest sellers of crypto investment products, with outflows totaling $318 million during the week of Aug. 24 to Aug. 31.

Meanwhile, Germany and Sweden had smaller outflows of $7.3 million and $4.3 million, respectively. On the other hand, Switzerland and Canada saw slight inflows of $5.5 million and $13.2 million, respectively.