Investment products in cryptocurrencies recorded net outflows of $952 million last week, as investors reduced their exposure. The data showed that this shift occurred following delays in legislation regarding the structure of the U.S. market and growing caution regarding the activities of large holders of major digital assets.
According to the CoinShares blog, weekly losses ended a streak of four weeks of capital inflows. Selling pressure was focused on Bitcoin and Ethereum products, which accounted for the majority of the redemptions. CoinShares reported that uncertainty over regulatory timelines weakened confidence in cryptocurrencies trading in the U.S.
BTCUSDT
Perp
89,305.2
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ETHUSDT
Perp
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+1.87%
XRPUSDT
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+0.93%