CoinShares: Digital asset investment products saw outflows of $528 million last week.
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According to the latest weekly Odaily of CoinShares, digital asset investment products have seen outflows for the first time in four weeks, totaling $528 million. CoinShares believes that this reflects market concerns about a US recession, geopolitical issues, and the resulting broad market liquidation of most asset classes. Bitcoin saw a total outflow of $400 million, the first outflow after five consecutive weeks of inflows. Ethereum's outflows totaled $146 million, bringing the total net outflow since the launch of the US ETF to $430 million.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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