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Digital asset funds see 6th week of outflows, but the pace has slowed
Listed digital asset investment products continue to experience redemptions, though the pace has slowed, as the latest funds flow report from CoinShares shows that a total of $9 million was pulled from these funds during the week ending September 22. “Volumes were low at US$820m for the week, well below the US$1.3bn average for the year so far, matching a similar low volume trend in the broader digital asset market,” said James Butterfill, head of research at CoinShares. The crypto market has struggled to gain momentum in recent weeks in the absence of any notable developments as the recent spot Bitcoin ETF ... (full story)
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- Posted: Sep 25, 2023 9:41pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 96
