Digital asset investments see outflows for sixth successive week
Investment products record outflows for the sixth week in a row. According to a CoinShares report, the market saw an outflow of $9 million last week. Sales for the week were the lowest, amounting to $820 million. This figure is significantly lower than the average of $1.3 billion. As was the case a week earlier, there is a divergence in sentiment from a regional perspective. Capital inflows reached $16 million in Europe, where investors see recent regulatory disappointment as an opportunity. At the same time, U.S. investors withdrew $14 million due to unrest in the local crypto market. “A divergence in sentiment from a regional perspective was evident this week, with inflows into Europe totaling US$16m, where investors see recent regulatory disappointment as an opportunity. While U.S. investors pulled out US$14m,” CoinShares report states. Bitcoin-based products experienced outflows for the third week in a row. Last week, there was an outflow of $6 million. The...