According to a recent report from digital asset management platform Coinshares, investors transferred a total of $141 million from digital asset-based products. The reason for that is market volatility.
This is the lowest since July 2021, and it suggests that sentiment in the crypto market is predominantly bearish.
Last week, bitcoin showed outflows totaling $154 million. However, investments since the beginning of the year and since the beginning of the month remain positive at $307 million and $187 million, respectively.
Multi-asset (multi-cryptocurrency) investment products posted inflows of $9.7 million last week, a 5.3% or $185 million since the beginning of the year.