Digital assets manager CoinShares says institutional investments in crypto products suffered their third consecutive week of outflows last week.<\/p>\n
In its latest Digital Asset Fund Flows report, CoinShares\u00a0says<\/a>\u00a0crypto investment products lost $435 million in outflows last week, the\u00a0largest\u00a0week\u00a0of outflows\u00a0since\u00a0last\u00a0month.<\/p>\n \u201cTrading volumes in ETPs (exchange-traded products) fell to $11.8 billion last week compared to $18 billion the prior week, while Bitcoin prices fell by 6%.\u201d<\/em><\/p>\n While the US saw $388 million in regional outflows, CoinShares notes that inflows on the year remain at a record $13.6 billion.<\/p>\n \u201cLooking into the detail, the majority of the outflows were from the incumbent Grayscale, which saw $440 million outflows,\u00a0which is\u00a0the lowest for nine weeks.<\/em><\/p>\n While Grayscale\u2019s outflows continue to decelerate, we have also seen a deceleration in inflows from new issuers, which saw only $126 million in inflows last week, compared to $254 million the week prior.\u201d<\/em><\/p>\n While Germany and Canada also saw regional outflows, Switzerland and Brazil saw inflows of $4 million and $5 million, respectively.<\/p>\n Leading crypto assets by market cap Bitcoin (BTC<\/a>) and Ethereum (ETH<\/a>) suffered outflows of $423 million and $38 million a piece. Meanwhile, multi-asset investment vehicles, Solana (SOL<\/a>), Litecoin (LTC<\/a>) and Chainlink (LINK<\/a>) enjoyed $7 million, $4 million, $3 million and $2.8 million respectively.<\/p>\n Don’t Miss a Beat \u2013 Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em>   Featured Image: Shutterstock\/Wutana Thongkuanluek\/Andy Chipus\/Vladimir Sazonov<\/em><\/span><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":" Digital assets manager CoinShares says institutional investments in crypto products suffered their third consecutive week of outflows last week. In its latest Digital Asset Fund Flows report, CoinShares\u00a0says\u00a0crypto investment products lost $435 million in outflows last week, the\u00a0largest\u00a0week\u00a0of outflows\u00a0since\u00a0last\u00a0month. \u201cTrading volumes in ETPs (exchange-traded products) fell to $11.8 billion last week compared to $18 billion […]<\/p>\n","protected":false},"author":2,"featured_media":292479,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-292478","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/292478","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=292478"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/292478\/revisions"}],"predecessor-version":[{"id":292481,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/292478\/revisions\/292481"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/292479"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=292478"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=292478"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=292478"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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