CoinShares: Last week, net outflows from digital asset investment products amounted to $2 billion
CoinShares released its latest weekly report, indicating that last week, digital asset trading platform exchange-traded products (ETPs) experienced an outflow of $2 billion, primarily influenced by monetary policy uncertainty and large whale sell-offs in the crypto space. The United States accounted for 97% of the outflows ($1.97 billion), while Germany saw an inflow of $13.2 million amidst the generally negative sentiment worldwide.
Bitcoin and Ethereum led the decline, with outflows of $1.38 billion and $689 million, respectively, while investors shifted towards multi-asset ETPs (inflow of $69 million) and increased their short positions in Bitcoin.
Risk warningChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.
