Crypto Products Lose $726M in a Week
According to a recent report by CoinShares, cryptocurrency investment products had another challenging week, with a total outflow of $726 million.
This follows several weeks of consecutive outflows, matching the largest recorded outflow since March 2020, as stated by James Butterfill, CoinShares’ head of research, in their latest “Digital Asset Fund Flows Weekly Report” released on September 9.
Previous reports from CoinShares had also noted a record weekly outflow of $942 million during the week of March 17 to March 23. The outflows were mainly attributed to Bitcoin-based products, which saw a total of $643 million leaving.
In comparison, Ether saw outflows of $98 million, while Solana had the highest inflows of any asset, with a total of $6.2 million.
