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Crypto investment products experience outflows for 9th consecutive week

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According to CoinShares’ report, XRP, Cardano and Polygon’s MATIC experienced inflows in the amounts of $1 million, $0.6 million and $0.2 million, respectively.

) 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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