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Crypto Funds See $5 Million In Outflows
Summary: According to data from CoinShares, crypto funds had an outflow of $5 million last week from “short” investment products, those that are designed to profit from low prices. This comes at a time when the volumes of traded products on crypto exchanges are at historic lows, according to CoinShares. Bitcoin saw four consecutive weeks of ...
According to data from CoinShares, crypto funds had an outflow of $5 million last week from “short” investment products, those that are designed to profit from low prices.
This comes at a time when the volumes of traded products on crypto exchanges are at historic lows, according to CoinShares.
Bitcoin saw four consecutive weeks of inflows totaling $12 million, while short-bitcoin investment products saw outlaws totaling a record $15 million.
Ether, likely still recovering from the Merge, saw outflows of a mere $2.2 million.
Author: Tris Bell
Tags: Crypto Funds,Investment Products,Outflows
Link: Crypto Funds See $5 Million In Outflows [Copy]
