15-Week Crypto Inflow Streak Ends with a $223M Shock Withdrawal
The crypto asset investment market experienced its first weekly outflows in over three months, according to the latest data released by CoinShares, a leading European asset manager specializing in cryptocurrencies.
The firm’s weekly report shows that digital asset investment products recorded net outflows of $223 million during the past week, halting a 15-week streak of positive inflows. CoinShares attributed the shift to changing investor sentiment in the second half of the week, particularly following key US macroeconomic events.
James Butterfill, Head of Research at CoinShares, explained that the market started on a strong note with $883 million in inflows, but sentiment turned negative after a hawkish Federal Open Market Committee…
