Investor concerns persist as crypto investment products see 4th week of outflows
According to CoinShares, outflows from crypto investment funds amounted to $17 million last week, marking the fourth consecutive week of outflows. On Mar. 6, European crypto currency investment firm CoinShares published its “Digital Asset Fund Flows Report,” which revealed that Investors have continued to display negative sentiment toward crypto investment products , with out flows totaling $17 million. The negative sentiment was primarily focused on Bitcoin (BTC), with outflows for the cryptocurrency totaling $20 million. In contrast, short-Bitcoin products saw inflows for a third week totaling $1.8 million, according to CoinShares data. CoinShares' data showed that "overall volumes across investment products were low at US$844m for the week," with Bitcoin market volumes 15% lower than usual, averaging $57 billion.Additionally, there seems to have been a shift in sentiment regionally, with the U.S. experiencing inflows of $7.6 million while Europe saw outflows of ...