CoinShares: Cryptocurrencies are experiencing an outflow of inflows for the second week in a row | latest news

0
12


Data from cryptocurrency management CoinShares Monday, June 14, showed that crypto funds and products experienced an outflow of inflows for the second week in a row and that ether recorded a record outflow of inflows as institutional investors took a step back.

Total outflows from cryptocurrency totaled $21 million in the week ending June 11.

Since mid-May, the total displaced flows amounted to $267 million, representing 0.6% of the total assets under management.

Ether recorded the largest share of outflows last week, at $12.7 million.

CoinShares data indicated that outflows of bitcoin inflows fell last week to $10 million, well below the previous week’s record high of $141 million.

Trading activity in the world’s most popular cryptocurrency products jumped 43% from the previous week.





LEAVE A REPLY

Please enter your comment!
Please enter your name here