Crypto Investment Products Witness 9th Straight Week of Outflows: CoinShares

📆 19/06/2023 18:37:00
📰 CoinDesk

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Digital asset investment products witnessed its 9th consecutive week of outflows last week, pushing the total to $423 million, according to a report by CoinSharesCo. By LedesmaLyllah.

Last week's outflows totalled $5.1 million, with the end of the week seeing minor inflows after the news that

in the U.S. However, the inflows were not large enough to offset outflows seen earlier on in the week.for altcoins, investors were prompted to add positions, with inflows totalling $2.4 million, CoinShares said. Altcoin prices have suffered after the U.S. Securities Exchange Commision listed a number of altcoins as securities in its lawsuits against Binance and Coinbase . XRP saw inflows of $1 million last week and Cardano's ADA saw $600,000.

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