Digital Asset Investment Products See Outflows Of $17M Last Week - CoinShares
Digital asset investment products saw outflows totalling $17M last week, according to a CoinShares report.
CoinShares said that the flows data reveals opinions are divided regionally, with inflows totalling $20M on European exchanges, but outflows of $36M from American exchanges.
"It is difficult to discern if this is a meaningful change in sentiment given its small size although minor outflows were seen across a broad set of providers," CoinShares said.
"It also comes at a time of low trading volume and a recovery in prices suggesting there could be an element of minor profit taking."
Bitcoin bore the brunt of the outflows, which totalled $21M last week, CoinShares said. Short-bitcoin products saw minor inflows totalling $2.6M.
Blockchain equities saw inflows of $8M last week, CoinShares said.
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