Crypto News – The latest CoinShares weekly report shows that the market for investing in digital assets had net outflows totaling $9.1 million for the sixth week in a row.
Digital Asset Investments Surprisingly Outflowed $9.1 Million
This pattern emphasizes the rising unpredictability surrounding the cryptocurrency sector. In the most recent week, there was a net outflow of $5.9 million from Bitcoin investment goods and $2.2 million from Ethereum investment products. A net outflow of $2.8 million was also observed for investment products for short-selling Bitcoin.
For the third week in a row, Bitcoin, the most popular cryptocurrency, had slight outflows totaling $6 million. After a brief $15 million inflow earlier in the month, short-Bitcoin products also saw outflows of $2.8 million, which may indicate that investors are gradually closing down their short holdings.
Regulatory Disruptions Can Be Turned to Advantage, Some Investors Say
As some investors saw recent regulatory setbacks as an opportunity, Europe proved to be a bright light, with a net inflow of $16 million last week. In contrast, there was a net outflow of $14.1 million from the United States, which reflects continuing investor concerns. Investors are continuing to monitor regulatory developments attentively and strategically rebalance their portfolios as the overall mood in the digital asset investment market is still cautious.
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