Asset Volume in Crypto Funds Falls to February 2021 Levels
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21 June

According to a report published by analysis company CoinShares, the outflow of funds from investment products based on cryptos amounted to $38.6 million between June 11 and 17.

In particular, the assets in these funds have fallen to $36 billion. Since the maximum recorded in November 2021, the indicator has fallen by 59%.

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Compared to the previous week's figure ($108 million), the rate of decline in investment has almost tripled.

The firm's experts have also highlighted the record outflow of funds from Bitcoin-based "bear" funds ($5.8 million), which could be a sign of the approaching peak of negative dynamics.

For their part, funds based on Ethereum have become the engine of negative dynamics. Over the last seven days, the outflow of funds from these has amounted to $69.9 million and $458.6 million since the beginning of the year.

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