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CoinShares: Last week, digital asset investment products saw an outflow of 600 million US dollars

CoinShares: Last week, digital asset investment products saw an outflow of 600 million US dollars

Bitget2024/06/17 09:23

CoinShares' latest weekly report shows that last week saw outflows from digital asset investment products totaling $600 million, the largest since March 22, 2024. This may be due to a tougher stance than expected at the FOMC meeting, prompting investors to reduce their exposure to fixed supply assets. The outflow of funds was entirely concentrated on Bitcoin, with an outflow amounting to $621 million. Bearish sentiment also prompted $1.8 million to flow into short positions in Bitcoin. Various altcoins experienced inflows, led by Ethereum, LIDO and XRP.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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