Crypto investment products have finally registered a week of outflows after seven weeks of consecutive strong inflows and two weeks of breaking records after records. In fact, data has shown that these investment products have now set a new record for the most outflows in a week, extending the run of record creation.
According to data from CoinShares, investors pulled out $942 million from crypto investment products last week to wipe $10 billion off total assets under management (AuM). Interestingly, a larger part of this outflow came from Bitcoin, as Spot Bitcoin ETFs in the US registered outflows every day.
Crypto Outflows Reach New Record High
CoinShares’ weekly report on digital investment funds has revealed crypto investment products have been witnessing an influx of money for the past two months. Consequently, these products registered a seven-week run of inflows totaling $12.3 billion. Bitcoin, the largest cryptocurrency, received most of these inflows, which he
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