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CoinShares: Crypto investment products see 1st week of outflows after 7-week run of inflows

Binance
2022-03-14 17:20
Digital asset investment products saw their first week of outflows in the week ending Mar. 11, ending a 7-week streak of inflows, a report by CoinShares showed on Monday.
Outflows totalled $110 million last week, with North America comprising $80 million. CoinShares said the outflows began at the start of last week, suggesting they were a response to the Biden administration's executive order to study digital assets more deeply.
Source: Medium/James Butterfill/CoinShares
CoinShares said multi-asset (multi-coin) and blockchain equity investment products saw inflows totally $12 million and $4.1 million respectively, remaining the most popular choices among investors.
Bitcoin, the world's first and largest cryptocurrency by market cap, saw outflows totalling $70 million. Ethereum, the second biggest coin by market cap, saw the $51 million of outflows.
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