Crypto investment products experience outflows for 9th consecutive week

) exchange-traded product in the United States. This development resulted in minor inflows; however, they were not significant enough to offset the earlier outflows observed during the week. As a consequence, the streak of outflows persisted.

Examining the regional breakdown, the U.S. and Germany experienced minor inflows of $3.7 million and $2.4 million, respectively. The U.S. maintained its lead in terms of total inflows year-to-date, accumulating $147 million, while Canada struggled with outflows amounting to $277 million.

According to CoinShares, the previous week’s crash in altcoin prices served as a catalyst for investors to increase their positions. Consequently, inflows totaling $2.4 million were observed. Noteworthy cryptocurrencies such as XRP (

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Crypto Investment Products Witness 9th Straight Week of Outflows: CoinSharesDigital 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.
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