$5B leak from GBTC likely led to capital outflows in other regions: CoinShares

Swiss And Germany were hit the hardest during THE most recent trade week but Canada has by far THE the biggest exits on THE month, CoinShares' data shows.

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A recent slump In THE price of cryptocurrencies, guest by exits Since THE Shades of grey Bitcoin Trust (GBTC) could be behind exits Since digital active investment some products In Europe And Canada, according to has CoinShares.

"Recent price declines guest by THE substantial exits Since THE holder ETFs issuer (Shades of grey) In THE WE totaling 5 billion US dollars, to have likely guest further exits [In] other Regions," Coin Shares explain In A Jan. 28 report.

Digital active some products Since Swiss And Germany were hit the hardest during THE trade week of Jan. 22 has Jan. 26, with exits of $59.8 million And $31.7 million respectively, CoinShares' data shows.

However, canadian digital active some products to have checked in THE the biggest exits on THE month with $209.8 million, follow up by some products In Germany And Sweden with $124.5 million And $34.2 million respectively.

Digital active some products Since Brazil were THE only major influx last week, with $10.3 millions.

Weekly cryptocurrency investment product flows by country. Source: CoinShares

In the meantime, THE second complete week of place Bitcoin ETFs trade In THE WE. contributed has A exit of almost $500 million alone, Coin Shares noted.

While THE nine "new" place Bitcoin (BTC) AND F account almost $1.8 billion In influx, he was not enough has patch up bleeding Since Shades of grey converted place Bitcoin ETFs, GBTC, which saw on $2.2 billion In exits on THE week.

However, GBTC exits are beginning has to calm down as It is every day total...