Editor's PiCK
"Crypto Asset Investment Products Record Largest Weekly Outflow in History"
Son Min
Summary
- Last week, record-breaking net outflows of $2.9 billion were reported from crypto asset investment products.
- About $2.6 billion flowed out from Bitcoin-related investment products and $300 million from Ethereum-related products.
- CoinShares analyzed that the Bybit hack, Fed policies, and other factors influenced the outflows.
Last week, crypto asset investment products recorded the largest weekly outflow in history.
On the 3rd (local time), CoinShares revealed through a report that "a total of $2.9 billion in net outflows occurred from crypto asset investment products last week." This marks the third consecutive week of net outflows and the largest weekly outflow in history. Approximately $2.6 billion flowed out from Bitcoin (BTC) related investment products, and $300 million from Ethereum (ETH) related investment products.
CoinShares analyzed that "the Bybit hack, the Federal Reserve's (Fed) hawkish stance, and net inflows of $29 billion over 19 weeks may have influenced the outflows."
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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