On Oct. 24, European crypto investment firm CoinShares released its “Digital Asset Fund Flows Report”, revealing that its digital asset investment product had accumulated over $5 million in outflows last week. which started from September 2022
The most notable thing is Volume of investment product volume reduced to $758 million during the week This is the lowest since October 2020 and below the weekly average of $7 billion during this time last year when the crypto market was in a bull run.
The report revealed that Bitcoin investment products saw a modest inflow of $4.6 million, marking the sixth straight week of gains. Meanwhile, Bitcoin’s short-term investment product outflows $7.1 million.
The Ether investment product posted a third consecutive week of inflows totaling $2.5 million, bringing the total post-Merge outflow to $11.5 million, while XRP inflows $8 million. low But it is reportedly close to the largest number since the U.S. Securities and Exchange Commission’s lawsuit against Ripple.
So far this year, Bitcoin has a net worth of $296.2 million, while Ether has a net worth of $371.2 million. The figures suggest that investment managers are choosing Bitcoin’s stability and longer history during this bear market.
CoinShares data also revealed that Sweden, Canada and the United States haveThe most involved in the action Outflows were $4.5 million, $1.9 million and $1.2 million, respectively. While Germany, Brazil and Switzerland all had small influxes.
Crypto Product Investment Volume Drops To Two-Year Low: CoinShares Report appeared first on Bitcoin Addict.