.CoinSharesCo: crypto funds lost $141 million in one week; AUM at 11-month low w/ jbutterfill CoinShares
[1/4] This week's Digital Asset Fund Flows Report is now available! Written by
, the headline for this week is: Outflows of US$141m, investors seek refuge in multi-crypto investment products Here are the highlights ->In the last seven days, net withdrawals exceeded $141 million. Purpose ETFs witnessed whopping $150 million outflows while the majority of other funds remained almost untouched.
This is the second largest weekly outflow in the turbulent year of 2022. The net equivalent of money locked in crypto-based funds dropped to $38 billion, which is the lowest point since July 2021.At the same time, some instruments of this segment closed last week with positive results: multi-crypto products added $9.7 million to their balances.Among single-asset altcoin-centric products, Cardano and Polkadot based funds are leaders: they managed to attract $1 million each.
Meanwhile, despite Bitcoin changing hands at $30,500, or almost 2.5% up in 24 hours, its"Fear and Greed" index by Alternative.me returned to 10/100.
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