Crypto Investment Products Suffer Outflows: CoinShares
Main page News, Cryptocurrency
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23 January

According to CoinShares' latest report, withdrawals from crypto-based investment products between January 13 and January 19 totaled $20.8 million after enjoying a near-record inflow of $1.19 billion a week earlier.

Trading volume fell from an all-time high of $17.5 billion to $11.8 billion.

Issuers of the recently approved spot Bitcoin ETFs in the US have recorded inflows of $4.13 billion since the product's launch last January 11.

In total, over the past week, outflows from Bitcoin-related instruments amounted to $24.7 million.

Investors invested $12.7 million in structures that allow opening short positions on BTC, while the figure stood at $4.1 million a week earlier.

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