Four-Week Series Ends: Shrinkage in Cryptocurrency Mutual Funds

According to a report by digital asset investment firm CoinShares, there was a net outflow of $7 million from crypto funds globally over the past week.

Cryptocurrency funds, until last week growth for four consecutive weeks showed and funded since the beginning of the year 230 million dollars net cash inflow had happened.

According to the information shared today, this four-week series ended last week and is in the funds. worth 7 million dollars shrinkage was observed.

Industry-wide $10.8 million in total with the most bitcoin (BTC) investment products money was out. However $3.5 million from investment products used to short bitcoin output.

In contrast, ether (ETH) funds stand alone. $5.1 million showed growth.

Fund movements last week a geographical difference it happened. Net to investment products in Europe $4.7 million entering money, $11.7 million net from US funds output.

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