COINSHARES, a encryption asset management giant, says institutional investors have taken billions of dollars in encryption last week.
Coinshares says in the latest Digital Asset Fund Flow Weekly Report, Crypto products are enduring the worst investor leaks in 10 years.
“Digital Asset Investment Products has leaked a total of $ 1.7 billion in a total of $ 1.7 billion, and it brings a total leak to $ 6.4 billion over this negative punk, which is also the 17th consecutive leak day.
Despite the dominant negative feelings, the annual inflow is positive for US $ 922 million. The total assets of management (AUM) have declined $ 48 billion due to this price revision and continuous outflow. ”
Regionally, the United States provided $ 1.2 billion leak, with 93%of all leaks. Germany offered a minor inflow of $ 8 million, but Switzerland also had a $ 580 million leak.
In general, Bitcoin (BTC) gave birth to cruelty of leakage.
“Bitcoin has brought a total leak to $ 5.4 billion over the last five weeks. Investors continued to leak $ 3.6 million in short Bitcoin positions.”
Altcoins XRP and Cardano (ADA) led the road to $ 1.8 million and $ 0.4 million. Major smart contract platform Etherum (ETH) products have leaked $ 170 million.
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Created image: Midjourney