CoinShares analysts have reported the outflow of crypto investment products have recorded a slowdown from $110 million to $47 million during the past week. However, they have recorded 2 weeks of outflows in a row.
According to experts, this is due to fears associated with stricter regulation of the sector in the US.
North American-based funds have reportedly been the hardest hit by the outflows. According to analysts, these outflows could be mainly due to the executive order signed by Joe Biden on the coordination of federal agencies for the regulation of cryptocurrencies, with the war in Ukraine being another reason.
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In total, $32.8 million and $16.6 million have been withdrawn from Bitcoin and Ethereum-based funds, respectively.
As far as structures based on other altcoins are concerned, a predominantly positive trend has been observed in the range of $0.3 million (Litecoin) to $0.8 million (Polkadot). On the other hand, funds based on Cardano, Tron and Binance have remained unchanged, while for all the rest in total they turned out to be negative with -0.6 million $.