According to the latest report published by CoinShares analysts, the outflow of funds from crypto-based investment products between October 1 and 7 amounted to $5 million compared to an inflow of $10.3 million recorded during the previous week
The company experts have noted:
"Volumes remain historically low as investors wait for signs that the US Federal Reserve will back down from its hawkish monetary policy."
Traditional Bitcoin funds recorded inflows of $12 million, up from $7.7 million a week ago.
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A record $14.7 million has been withdrawn from structures that allow opening short positions in BTC, which is double the outflows of any previous week.
The outflow of Ethereum-based funds has amounted to $2.2 million compared to the previous week's inflow of $5.6 million.