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CoinShares: Crypto Funds Shown Outflows For The Sixth Consecutive Week, The Longest Outflow Since January 2018
Summary: According to the weekly report released by the digital asset management company CoinShares, last week, the crypto funds saw a net outflow of $22 million, which was the sixth consecutive week of outflows, brings the total outflow in 6 weeks to $115 million. This is also the longest capital outflow since January 2018. However, the ...
According to the weekly report released by the digital asset management company CoinShares, last week, the crypto funds saw a net outflow of $22 million, which was the sixth consecutive week of outflows, brings the total outflow in 6 weeks to $115 million.
This is also the longest capital outflow since January 2018. However, the outflow ratio is much smaller, accounting for only 0.2% of the total assets under management (AuM), compared to nearly 5% in 2018.
Bitcoin investment products are still the asset class with the largest outflow, with a total of $22 million last week. Ethereum and BNB investment products both have small outflows, which are $1.1 million and $900K, respectively.
For the first time since June 2020, multi-asset investment products have seen a small outflow totaling $300K.
Tags: Bitcoin,BNB,Crypto Fund,Ethereum
Link: CoinShares: Crypto Funds Shown Outflows For The Sixth Consecutive Week, The Longest Outflow Since January 2018 [Copy]
