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Digital Asset Funds Hit by Record $142M of Outflows

From coindesk.com

With cryptocurrency markets drifting downward, digital-asset investment products have suffered their largest weekly redemptions on record. Following a 17-week run of inflows, outflows from cryptocurrency funds totaled $142 million during the seven days through Dec. 17, according to CoinShares, a digital-asset manager that compiles the industry data. The largest previous outflow on record was in early June, when net redemptions surged to $97 million. Investment funds focused on bitcoin, the world’s largest cryptocurrency by market capitalization, had $89 million worth of outflows last week. That’s a reversal from the ... (full story)

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