Not Cardano, Ethereum or Litecoin but outflows were solely focused on… - Aliens: AI Crypto News & Markets Updates
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Not Cardano, Ethereum or Litecoin but outflows were solely focused on…

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AMB Crypto

Tue, Jun 28, 2022

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CoinShares noted that digital asset investment products suffered over $420 million in outflows last week.

In terms of assets under management (AUM), last week’s outflows were the third-largest on record, representing 1.2% of the entire AUM of all funds that CoinShares tracks.

The king coin saw net outflows for the week totalling $453 million, erasing almost all inflows year-to-date and leaving total Bitcoin AuM at $24.5 billion, the lowest point since the beginning of 2021.

Apart from Bitcoin, other assets including Ethereum [ETH] ($10.9 million), Short Bitcoin ($15.3 million), Cardano [ADA] ($0.8 million), Tron [TRX] ($0.1 million), Polkadot [DOT] ($0.2 million), and other assets ($2.9 million) reported total inflows of $30 million last week.

Overall, the result in net outflows reached a total of $423 million.

Stripping out the $493 million outflows reveals that other providers saw aggregate inflows totalling $70 million.

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