Crypto investment products see largest outflows on record amid SVB collapse

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Digital asset investment products lost 10% of assets under management last week, according to CoinShares. (Reporting via forgeforth_)

, a financial institution with deep ties to crypto-focused venture capital funds. Although the bank was allowed to fail, the Federal Reserve, U.S. Treasury and Federal Deposit Insurance Corporation confirmed over the weekend they would guarantee all SVB deposits.

The resolution to the SVB collapse seems to have shored up confidence in the crypto sector, leading to broad market rallies for Bitcoin and other crypto assets. Bitcoin’s price reached as high as $24,639 on March 13 after falling below $20,000 last week, according to data from

 

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Fonte: CNBC - 🏆 12. / 72 Consulte Mais informação »