Cryptocurrency NewsGlobal Crypto NewsLatest News

Digital Asset Investment Products Outflows Total $97 Million

Source: Pixabay

It’s been just revealed that the digital asset investment products have seen outflows that totaled $97 million last week. Check out the following tweet about the issue below.

Coinshares blog post noted that the digital asset investment products saw outflows totaling US$97m last week.

The outflows represent the second week in what we believe is likely a result of recent profit-taking and a reaction to the more hawkish FOMC statement.

Investors look to have sold out of Short-Bitcoin investment products, following a few weeks of inflows.

Check out the following numbers:

According to the same official report, the outflows last week were US$1.8m, representing 16% of total assets under management.

Ethereum, Solana, and Cardano saw outflows last week too, totaling US$27m, US$0.7m, and US$0.7m respectively.

It’s been also revealed that the multi-asset investment products (multi-coin) remain a firm stalwart with another week of inflows totaling US$5.3m.

Crypto adoption explosion

There’s a massive crypto adoption boom and it’s addressed by Anthony Pompliano on his Twitter account.

Crypto adoption has been going great and this trend continues to rise.

The Block Crypto noted not too long ago that a Virginia bill allowing state-chartered banks to provide custodial services for “virtual currency” was approved by Governor Glenn Youngkin on Monday.

Related posts
Bitcoin NewsCryptocurrency NewsGlobal Crypto NewsLatest News

Crypto Adoption Boom: Institutional Money Flow Into Bitcoin At Highest Rates

Cryptocurrency NewsGlobal Crypto NewsLatest News

UK Crypto Boom: New Prime Minister To Make The Nation A Crypto Hub

Altcoin NewsCryptocurrency NewsGlobal Crypto NewsLatest News

Wlamart CTO: Crypto And Metaverse To Disrupt Retail Payments

Bitcoin NewsCryptocurrency NewsGlobal Crypto NewsLatest News

Wall Street And Financial Institutions To Go All-In On Crypto, Anthony Pompliano Says

>
Send this to a friend