PiCK
Last Week's Digital Asset Investment Products Saw $75 Million Outflow... $580 Million Inflow in the First 3 Days of the New Year
Summary
- It was reported that last week, digital asset investment products saw a $75 million outflow.
- During the first three days of this year, digital asset investment products recorded a $580 million inflow.
- According to the report, there was a record $44.2 billion inflow last year, influenced by Bitcoin ETFs.
Last week, $75 million was withdrawn from digital asset investment products.
On the 6th (local time), the cryptocurrency management company CoinShares reported in its 'Weekly Digital Asset Investment Product Fund Flow' report that "$75 million was withdrawn from digital asset investment products last week." Although digital asset investment products experienced some outflows at the end of last year, $580 million was recorded as inflows during the first three days of this year.
The report stated, "Last year, digital asset investment products saw a record inflow of $44.2 billion. This is four times the net inflow of $10.5 billion in 2021," explaining that "the increase in fund inflows is largely due to the impact of Bitcoin (BTC) spot ETFs listed in the United States."
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.