CoinShares: Total outflows of digital asset investment products reached $435 million last week
2024-04-29 09:21:28
According to the CoinShares weekly report, outflows from digital asset investment products last week totaled $435 million, the largest outflow since March this year. ETP trading volume fell to $11.80 billion last week, compared with $18 billion the previous week, while bitcoin prices fell 6%. The outflows were concentrated only in bitcoin and Ethereum, at $423 million and $38 million respectively. While a variety of counterfeit products saw inflows, investors opted for multi-currency investment products and inflows reached $7 million. Other hot currencies such as Solana, Litecoin and Chainlink continued to flow into $4 million, $3 million and $2.80 million respectively.
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