The 70th edition of a weekly report by cryptocurrency exchange Bitfinex revealed that digital asset funds are seeing large outflows as investors lose confidence in the market.
According to the paper, crypto funds have experienced the most significant outflows since March, as the U.S. Securities and Exchange Commission (SEC) continues to delay the long-awaited spot Bitcoin exchange-traded funds (ETFs).
Crypto Funds Record Large Outflows
Between the third and last week of August, crypto funds saw cumulative outflows of $179 million, with Bitcoin funds leading with $149 million. Within the same period, investors persisted in liquidating their short positions across exchanges, adding an extra $4 million to the outflows.
For altcoin funds, Ethereum saw outflows of $17 million, while XRP and Litecoin recorded inflows of $0.5 million and $0.44 million as investor interest in them grew.
The 18-week streak of outflows has drained 89% of the total assets under management dedicated to crypto inve
We współpracy z: https://cryptopotato.com/crypto-funds-see-large-outflows-as-investors-lose-confidence-in-the-market-bitfinex/
