Crypto Investment Funds See Fifth Straight Week of Bitcoin (BTC) Outflows, According to CoinShares Report

Investors have withdrawn $32 million from digital asset investment products last week, bringing the total outflow during the five-week streak to $232 million, according to a report from CoinShares. Bitcoin products alone saw outflows of $33 million, indicating that BTC funds have been dominating the outflow throughout the period. The report also noted that Ethereum investment products saw inflows of $4.2 million, marking the first inflow in four weeks. This suggests that investors are diversifying their portfolios and exploring alternative digital assets. However, the report also highlighted that the overall sentiment towards digital assets remains cautious, with investors remaining on the sidelines as they wait for clearer regulatory guidance.

J-S Tremblay
About the author - J-S Tremblay

I've been involved in the cryptocurrency world since 2016 and trading since 2019. I started Moon and Lambo in 2021. I'm passionate about crypto and love to share my knowledge. I hate bankers and I hope that cryptocurrency will change the financial world for the better. View full profile...

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