Data: Investors withdrew $19.6 billion from cryptocurrency funds in November

2022-12-01 16:09:37

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ChainCatcher news, according to the Wall Street Journal, as FTX goes bankrupt, cryptocurrency investors are doing their utmost to withdraw funds. According to data from research firm CryptoCompare, cryptocurrency fund asset management companies such as Grayscale Investments and CoinShares International saw investor withdrawals reach $19.6 billion this month, equivalent to 14.5% of the total assets managed by these funds, bringing their total assets under management to the lowest point since December 2020.

CryptoCompare stated in a report that a major concern is regarding the risk exposure of Grayscale's parent company DCG and Grayscale's sister company Genesis Trading to FTX, and the potential impact this may have on the broader market. (WSJ)

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FTX Grayscale DCG Genesis

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