Digital asset investment products experienced a notable setback, with outflows reaching $126 million last week, according to CoinShares' latest weekly report. Bitcoin's outflow accounted for a significant portion, representing 87% of the total net flow for the week.
Geopolitical tension and a crypto market lull spurred caution among investors, leading to outflows from investment vehicles last week.
TL;DR Investor Hesitancy: Digital assets experienced minor outflows of $126 million last week, with Ethereum (ETH) facing the largest withdrawal of $29 million, marking its fifth consecutive week of outflows. Altcoins Attract Funds: Despite the overall outflow, alternative cryptocurrencies like Decentraland, Basic Attention Token, and LIDO saw inflows totaling $9.6 million.
Last week saw digital asset outflows of $126m, with the US leading at $145m. The post Crypto funds register $126 million in outflows led by investor hesitancy appeared first on Crypto Briefing.
Digital asset investment products experienced minor outflows of $126 million last week.
These represent the first weekly outflows since the record $1 billion worth of outflows registered in the week ending March 22.
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