Digital asset investments recorded over $30M outflows in a week Digital asset investments recorded over $30M outflows in a week
Bitcoin-based investment products saw $25 million of outflows, while short-Bitcoin investment recorded $3.7 million inflows.
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Updated: Feb. 21, 2023 at 5:33 pm UTC
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Digital-asset-based investment products recorded $32 million of outflows between Feb. 13 and Feb. 19, according to a recent CoinShares report.
Bitcoin (BTC) investment products saw $24.8 million in outflows in the same timeframe, according to the CoinShares report, which accounts for 77.5% of the total amount. On the other hand, Short-Bitcoin investment products recorded $3.7 million in inflows.
Ethereum (ETH) and Polygon (MATIC) based investment products also saw $7.2 million and $800,000 of outflows, respectively. Binance and Ripple (XRP) investments, on the other hand, recorded $300,000 inflows each.
When the outflows are categorized by the providing organization, CoinShares Physical appears to record the most significant outflows at $11.6 million.
3iQ and CI Investments followed CoinShares Physical as second and third by recording $4.4 million and $3.1 million in outflows, respectively.
The report also noted that Blockchain equities saw $9.6 million in inflows during the week of Feb. 13-19, which marked the sixth consecutive week of inflows.
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Zeynep Geylan
Zeynep is an academic who turned to crypto in 2018. Originating in social sciences, she is especially interested in the social impact of blockchain and cryptocurrencies and strongly believes in their transmuting power.
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