Crypto investment products saw $500M in outflows last week: CoinShares
Crypto investment products saw an outflow of $500 million last week. Bitcoin saw the most outflows with $479 million, while Ethereum recorded $39 million in outflows. CoinShares’ weekly report shows most of the outflows were in the US, where Grayscale’s ETF witnessed over $2.2 billion in outflows. Digital asset investment products saw a significant spike in outflows lask week, according to digital assets investment firm CoinShares. CoinShares’s latest weekly report shows the crypto investment products market saw outflows totalling $500 million.. Bitcoin saw $479 million in outflows According to the asset manager, the global outflows from crypto investment products reached $409 million in the US, $60 million in Switzerland and $32 million in Germany – the three regions with the highest outflows for the week ending January 26. “ Bitcoin has understandably been the primary focus, seeing US$479m outflows , while short-bitcoin saw ...