Cryptocurrency investment products saw a significant shift last week as outflows totaling $147 million were recorded after several weeks of inflows, according to CoinShares. The outflows followed a period of nearly $2 billion in inflows over the previous three weeks, with Bitcoin leading trading activity. CoinShares attributed the recent outflows to stronger economic data, reducing the likelihood of significant rate cuts in the near future. Multi-asset investment products, on the other hand, continued to see inflows, marking their 16th consecutive week of positive activity. While the US experienced a sell-off of $209 million, countries like Canada and Switzerland saw bullish trends in crypto investment products. Switzerland, in particular, has emerged as the second-largest investor in crypto products, with significant year-to-date inflows. Overall, the cryptocurrency investment landscape continues to evolve with varying trends across different regions. Read more AI-generated news on: https://app.chaingpt.org/news

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