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.
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.