The outflow of funds from cryptocurrency investment products from May 6 to May 12 amounted to $32.1 million compared to $53.8 million a week earlier. Analysts gave this assessment CoinShares.
Over the past five weeks, the outflow has reached $232 million, which is equivalent to 0.7% AUM.
$32.7 million was withdrawn from bitcoin products ($37.5 million a week earlier). From the structures that allow opening shorts on the first cryptocurrency, investors took $1.3 million against $10.4 million in the previous reporting period.
Ethereum funds recorded an outflow of $1 million. A week earlier, there was an inflow of $0.1 million.
In other altcoins, positive dynamics prevailed. Products based on Avalanche and Litecoin raised $0.7 million and $0.3 million, respectively.
Previously, Rich Dad Poor Dad bestselling author and entrepreneur Robert Kiyosaki advised sticking to “defensive positions” in the form of gold, silver and bitcoin amid a possible banking collapse.
Recall that the founder of the asset management company Mott Capital Management, Michael Kramer, expressed concern about the possible fall of the first cryptocurrency to levels near $20,000.
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Cryplogger Newsletters: Keep your finger on the pulse of the bitcoin industry!
The outflow of funds from cryptocurrency investment products from May 6 to May 12 amounted to $32.1 million compared to $53.8 million a week earlier. Analysts gave this assessment CoinShares.
Over the past five weeks, the outflow has reached $232 million, which is equivalent to 0.7% AUM.
$32.7 million was withdrawn from bitcoin products ($37.5 million a week earlier). From the structures that allow opening shorts on the first cryptocurrency, investors took $1.3 million against $10.4 million in the previous reporting period.
Ethereum funds recorded an outflow of $1 million. A week earlier, there was an inflow of $0.1 million.
In other altcoins, positive dynamics prevailed. Products based on Avalanche and Litecoin raised $0.7 million and $0.3 million, respectively.
Previously, Rich Dad Poor Dad bestselling author and entrepreneur Robert Kiyosaki advised sticking to “defensive positions” in the form of gold, silver and bitcoin amid a possible banking collapse.
Recall that the founder of the asset management company Mott Capital Management, Michael Kramer, expressed concern about the possible fall of the first cryptocurrency to levels near $20,000.
Found a mistake in the text? Select it and press CTRL+ENTER
Cryplogger Newsletters: Keep your finger on the pulse of the bitcoin industry!
