CoinShares: Crypto Funds See Largest Outflow of Funds Since June
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According to the analysts of analytical firm CoinShares, the outflow of funds from crypto-based investment products from September 3 to 9 amounted to $63 million compared to $8.7 million a week earlier (adjusted for inflows to Bitcoin bear funds of $17.9 million).
The analysts have noted that over the last five weeks, the cumulative withdrawal of funds from crypto-based products amounted to $99 million, while trade turnover was 46% below the average for this year.
Particularly, traditional Bitcoin funds saw an outflow of $13 million (the negative dynamics was recorded for the fifth week in a row).
In addition, $10.6 million in funds has been received in structures that allow users to open short positions on BTC.
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