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The asset management of Crypto Coinshares says that institutional investors withdrew billions of dollars in crypto last week.
In his latest weekly report of digital asset funds, Coinshares says that cryptographic products are undergoing their worst series of investor outings in a decade.
“Digital Asset Investment Products experienced a 5th consecutive week of outings, totaling $ 1.7 billion, which brought the total outings on this negative funk to 6.4 billion US dollars.
Despite the negative feeling in force, up -to -date year entries remain positive at 912 million US dollars. Following this price correction and sustained outputs, total assets under management (AUM) decreased by US $ 48 billion. »»
At the regional level, the United States provided $ 1.2 billion in outings, 93% of all outings. While Germany has provided minor entries of $ 8 million, Switzerland has also seen outings of $ 528 million.
As usual, Bitcoin (BTC) bore the weight of outings.
“Bitcoin has experienced a new outing of $ 978 million, which has made total outings in the past 5 weeks to $ 5.4 billion.
Altcoins XRP and Cardano (ADA) paved the way for $ 1.8 million inputs and $ 0.4 million per room. The main products of the Ethereum (ETH) intelligent contract platform underwent $ 176 million in outings.
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Image generated: Midjourney