CoinShares: Digital Asset Investment Products Outflow of $600 million Last Week
2024-06-17 09:05:04
CoinShares' latest weekly report shows that digital asset investment products outflows totaled $600 million last week, the largest outflow since March 22, 2024. This may be due to the tougher-than-expected stance of the FOMC meeting, which prompted investors to reduce their exposure to fixed-supply assets. The outflows were entirely concentrated in Bitcoin, with outflows amounting to $621 million. The bearish sentiment also prompted the flow of 1.80 million dollars into bitcoin short positions. Inflows were seen in a variety of counterfeit products, led by Ethereum, LIDO and XRP.
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