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CoinShares: Digital Asset Investment Products Saw $2 Billion in Outflows Last Week
BlockBeats News, November 17th: CoinShares released its latest weekly report, stating that last week, digital asset exchange-traded products (ETPs) saw a record $2 billion outflow, mainly driven by currency policy uncertainty and whale sell-offs in the crypto space.
Of this total, the U.S. accounted for 97% of the outflows ($1.97 billion), while Germany defied global negative sentiment with an inflow of $13.2 million.
Bitcoin and Ethereum led the decline, with outflows of $1.38 billion and $689 million, respectively, as investors shifted towards multi-asset ETPs (inflows of $69 million) and increased their short positions on Bitcoin.
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