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Fund Managers Sold Off Digital Assets For Three Consecutive Weeks, Setting A Record For The Longest Selling Since February 2018
Summary: The weekly report released by CoinShares shows that digital asset investment products have a net outflow for the third consecutive week, totaling $79 million. This is the longest outflow since February 2018, when digital asset investment products have net outflows for up to 7 consecutive weeks. The fund outflows last week were still focused on ...
The weekly report released by CoinShares shows that digital asset investment products have a net outflow for the third consecutive week, totaling $79 million.
This is the longest outflow since February 2018, when digital asset investment products have net outflows for up to 7 consecutive weeks.
The fund outflows last week were still focused on Bitcoin. Bitcoin investment products flowed out for the sixth consecutive week, totaling $89 million, while this year's total outflow was $487 million, accounting for 1.6% of total assets under management.
By Mary Liu
Tags: Bitcoin,CoinShares,Digital Assets
Link: Fund Managers Sold Off Digital Assets For Three Consecutive Weeks, Setting A Record For The Longest Selling Since February 2018 [Copy]
