Cryptocurrencies are experiencing an outflow of inflows for the second week in a row By Reuters

0
13



© Reuters. Illustration symbolizing Bitcoin, the world’s largest cryptocurrency by market capitalization.

NEW YORK (Reuters) – Cryptocurrency funds and products have experienced an outflow of cryptocurrency funds and products for the second week in a row, data from cryptocurrency management CoinShare showed on Monday and ether registered a record outflow 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 outflows have reached $267 million, representing 0.6 percent of the total assets under management.

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

Coinshares data indicated that the outflow of inflows from last week’s decline to $ 10 million, which is far below the record level in the previous week of $ 141 million. Trading activity in the world’s most popular digital currency products jumped 43 percent from the previous week.

(Prepared by Wajdi Al-Alfi for the Arabic Bulletin)

Explanation of the risks: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn’t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





LEAVE A REPLY

Please enter your comment!
Please enter your name here