CoinShares expects that crypto investment products will become “increasingly sensitive” to interest rate expectations in September.
After seeing the largest multi-week inflows in recent months, cryptocurrency investment products are back to seeing major outflows amid strong economic reports in the United States.
Digital asset investment products saw outflows totaling $305 million last week, driven by “stronger-than-expected economic data” in the US, CoinShares stated in its latest digital asset fund flows report published on Sept. 2.
The report suggests that during the week from Aug. 24 to Aug. 31, US investors led the world in terms of the number of crypto investment products sold, with outflows totaling $318 million.
