Bitcoin Investment Products Saw Over $600M in Outflows Last Week: CoinShares

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Jamie Crawley is a CoinDesk news reporter based in London.

Bitcoin investment products saw a total of $621 million in outflows last week following mixed economic signals from the U.S,

Across the broader digital asset ecosystem, investment products saw net $600 outflows of $600 million, entirely driven by BTC's losses. This was the largest figure since March 22.The outflows offset minor inflows for a broad selection of altcoins, including ETH, LIDO and XRP, CoinShares said on Monday.. However, the good news was soon tampered by the Federal Open Market Committee of the Federal Reserve holding its benchmark rate range at 5.25%-5.50%.

 

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