Digital asset investment products experienced outflows of $54 million during the week ending May 13, CoinShares said in its weekly report.
That trend of outflows has been ongoing for four consecutive weeks, bringing the period’s overall outflow to around $200 million and representing 0.6% of total assets under management.
Bitcoin (BTC) specifically saw outflows that amounted to nearly $38 million, accounting for 80% of all outflows. Eight altcoins saw inflows, CoinShares said.
Flows by asset
Bitcoin (BTC) saw outflows of $37.5 million over the past week, while short-Bitcoin products saw outflows of $10.4 million over that timeframe. These statistics indicate that investors have been “almost solely focused on the asset,” CoinShares said.
Certain assets saw much smaller outflows. Multi-asset investments saw $6.7 million in outflows, while Binance’s BNB token (BNB) saw outflows of $500,000.
Some assets saw positive inflows. Ethereum (ETH) and TRON (TRX) each saw inflows of $200,0
We współpracy z: https://cryptoslate.com/digital-asset-investment-products-see-outflows-for-4th-consecutive-week-totaling-200m/
