Volumes on Crypto Investment Products Drop to 2-Year Low: CoinShares
Digital asset investment products saw $5 million in cumulative weekly outflows during what CoinShares describes as a " apathetic period".
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On October 24, European cryptocurrency investment firm CoinShares released its "Digital Asset Fund Flows Report", which revealed that digital asset investment products saw cumulative outflows of 5 million dollars last week in a continuation of what he calls a "period of apathy." which began in September 2022.
Most notably, bullion product volumes fell to $758 million during the week, the lowest since October 2020 and well below the $7 billion weekly average over the same period l last year when the crypto markets were in an uptrend.
The report reveals that Bitcoin (BTC) bullion products saw minor inflows of $4.6 million, marking the sixth straight weekly gain, while short Bitcoin bullion products saw outflows $7.1 million.
Ether (ETH) investment products recorded outflows for the third consecutive week totaling $2.5 million, bringing total post-merger outflows to $11.5 million, or just 0.2 % of assets under management. XRP (XRP) saw inflows of $8 million. While that number seems low, it would be close to the largest since the start of the U.S. Securities and Exchange Commission's lawsuit against Ripple.
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Digital asset investment products saw $5 million in cumulative weekly outflows during what CoinShares describes as a " apathetic period".
New
On October 24, European cryptocurrency investment firm CoinShares released its "Digital Asset Fund Flows Report", which revealed that digital asset investment products saw cumulative outflows of 5 million dollars last week in a continuation of what he calls a "period of apathy." which began in September 2022.
Most notably, bullion product volumes fell to $758 million during the week, the lowest since October 2020 and well below the $7 billion weekly average over the same period l last year when the crypto markets were in an uptrend.
The report reveals that Bitcoin (BTC) bullion products saw minor inflows of $4.6 million, marking the sixth straight weekly gain, while short Bitcoin bullion products saw outflows $7.1 million.
Ether (ETH) investment products recorded outflows for the third consecutive week totaling $2.5 million, bringing total post-merger outflows to $11.5 million, or just 0.2 % of assets under management. XRP (XRP) saw inflows of $8 million. While that number seems low, it would be close to the largest since the start of the U.S. Securities and Exchange Commission's lawsuit against Ripple.
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