CoinShares Reports on Record Bitcoin Fund Outflows
Main page News, Cryptocurrency
Hot topic
June 8, 2021

Between May 28 and June 4, fund outflows from Bitcoin-based investment products amounted to a record $141 million, according to data from digital asset management firm CoinShares.

The value is equivalent to 8.3% of the net inflows to these funds in 2021.

Taking into account investment products based on other cryptocurrencies, the outflow of funds seen last week amounts to $94 million. CoinShares said:

"Digital asset investment product trading volumes highlight investors remain cautious in Bitcoin with weekly volumes having fallen 62%. This has also been seen on credible cryptocurrency exchanges, where trading activity has halved."

Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.

At the same time, the inflow of funds into Ethereum funds amounts to $33 million, while the figure exceeds $1 billion since the beginning of the year.

The volume of funds in XRP-based products has increased by $7 million, while in the case of Cardano it has risen by $4.5 million.

Read also:
Please describe the error
Close