Coinspeaker
Crypto Investment Products Registered $126M in Outflows Last Week, What’s Next?
Cryptocurrency investment products registered net outflows during the last week amid a tepid market sentiment. With Bitcoin and the broader cryptocurrency market showing major volatility, the total outflows from crypto investment products stood at $126 million, as per data from CoinShares.
Although the trading volumes picked up from $17 billion to $22 billion on a week-on-week basis, the total ETF/ETP activity dropped in comparison to the overall market. This clearly represented a cautious stand among investors ahead of approaching the Bitcoin halving event.
If we look at the regional bifurcation, the United States witnessed the largest outflows totaling a staggering $145 million. Other markets like Canada and Switzerland followed with outflows to the tune of $6 million and $5.7 million respectively. On the other hand, investors from Germany capitalized on the market opportunity r
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