Institutional investors are falling for the crypto markets, which is causing altcoin investment products to see record exits as the new year begins. cryptocoin.com We have compiled the details for you, let’s examine the subject together…
CoinShares: Bitcoin and altcoin investment products see exits!
Crypto investment products hit a new weekly record high of $207 million last week, according to crypto asset manager CoinShares. CoinShares made the following comments on the subject:
Exits from crypto-asset investment products broke the record with $207 million weekly. This follows the debuts that began in mid-December, with 4-week results currently totaling US$465 million.
Bitcoin (BTC), the largest cryptocurrency by market cap, perhaps felt the sting of the bearish sentiment more than any other cryptocurrency. CoinShares made the following comments on the subject:
Bitcoin saw a total of US$107 million in outflows last week in what we believe is a direct response to the FOMC (Federal Open Market Committee) minutes that brought out the US Federal Reserve’s growing inflation concerns.
Here are the details of altcoins that experience fund exit and entry
Leading smart contract platform Ethereum (ETH) has also seen significant exits, continuing its downward streak that started in December. CoinShares made the following comments on the subject:
Ethereum saw a total exit of $39 million last week, bringing its 5-week exit stream to $200 million.
However, not every altcoin has experienced breakouts in the new year. XRP and Solana (SOL) experienced minor inflows. The same is true for Litecoin (LTC), whose entries total less than $500,000. Exiting altcoins can be listed as follows: TRON, Binance Coin and Ethereum.
Contact us to be instantly informed about the last minute developments. twitter‘in, Facebookin and InstagramFollow and Telegram and YouTube join our channel!
Disclaimer: The articles and articles on Kriptokoin.com do not constitute investment advice. Cryptokoin.com does not recommend buying or selling any cryptocurrencies or digital assets, nor is Kriptokoin.com an investment advisor. For this reason, Kriptokoin.com and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, asset or service in this article.
Warning: Citing the news content of Kriptokoin.com and quoting by giving a link is subject to the permission of Kriptokoin.com. No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of Kriptokoin.com in violation of intellectual property law and relevant legislation.