Investors in Cryptocurrency Funds Sold Almost $10M in January
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Jan. 10, 2023

According to the experts of analytical company CoinShares, the outflow of funds from investment products based on cryptocurrencies between January 1 and January 6 amounted to $9.7 million.

According to them, the volume of assets under management in crypto products last week repeated the low reached after the collapse of FTX at $20.5 billion.

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Traditional Bitcoin funds reportedly recorded $6.5 million in withdrawals, whereas structures that allow short positions in BTC received $1.2 million.

Regarding Ethereum-based products, they suffered outflows of $3.1 million for the eighth consecutive week.

Funds based on other altcoins, not including Ethereum, received quite a bit of investor interest. For example, XRP funds recorded an inflow of $3 million.

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