Digital assets manager CoinShares reports that institutional investors withdrew $147 million from crypto products last week. This may be due to stronger-than-expected economic data, which reduced the likelihood of significant rate cuts. The United States had the highest outflows at $209 million, followed by Germany and Hong Kong. Bitcoin experienced the most outflows at $159 million, while multi-asset investment products saw inflows for the 16th consecutive week, totaling $29 million. These products have been popular among investors looking for diversified asset exposure.
Content Editor ( dailyhodl.com )
- 2024-10-07
Institutional Crypto Products See $147,000,000 in Outflows After Stronger-Than-Expected Economic Data: CoinShares
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