CoinShares: Crypto Funds Record Weekly Outflows of $126M
Main page News, Cryptocurrency
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16 April

According to the latest report from CoinShares, major asset managers such as BlackRock, Bitwise, Fidelity, Grayscale, ProShares and 21Shares experienced outflows totaling $126 million in crypto funds last week.

These are the first outflows in three weeks, following record outflows of nearly $1 billion in the week ending March 22.

James Butterfill, head of research at CoinShares, attributes this cautious investor behavior to the recent pause in positive price momentum.

Despite trading volumes increasing from $17 billion to $21 billion, activity in ETPs and ETFs has fallen from 40% to 31% of total volumes in the past month.

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