In the last week, a total of investment products created by corporate companies for cryptocurrencies $142 million net cash outflow.
Investment products established by companies such as Grayscale, CoinShares, 3iQ, 21Shares, Purpose, ETC Group and ProShares, in terms of net change after 17 consecutive weeks of growth shrinking for the first time.
According to data released by CoinShares, recorded last week $142 million money out, up to the present largest net change recorded in the negative direction it happened. The previous record was at the beginning of June 2021. $97 million It was broken when money came out.
The coin released last week is only 0.23% of the total value of crypto assets held in these investment products. Similar to this shrinkage of crypto money investment products after the Fed’s announcement, it was also seen in different investment instruments with high risk levels.
Investment products established for Ethereum (ETH) have been launched during this volatility. Record shrinkage of $63.6 million lived. In total since the beginning of the year $6.3 billion Among the Bitcoin (BTC) products that have grown $89.2 million it was out.
Solana (SOL), Polkadot (DOT), Cardano (ADA) and XRP products positive change Binance Coin (BNB) products remained in negative territory.
Unlike crypto assets related to blockchain technology exchange-traded products (ETPs), which invest in equities, with capital inflows last week since the beginning of this month 100 million dollars recorded growth.