Institutional Crypto Products See $147,000,000 in Outflows After Stronger-Than-Expected Economic Data: CoinShares
Digital assets manager CoinShares says that institutional crypto investors pulled hundreds of millions in capital from crypto products last week.
In its latest Digital Asset Fund Flows report, CoinShares says that institutional crypto investment products saw a surge in outflows to the tune of $147 million last week, likely stemming from stronger-than-forecasted economic data lowering the likelihood of significant rate cuts.
“Digital asset investment products saw minor outflows totaling US$147m last week. Higher than expected economic data last week, reducing the probabilities for significant rate cuts are the likely reason for the weaker sentiment amongst investors. Trading volumes were up marginally by 15% to US$10 for…
