CoinShares: Digital asset investment products saw a net outflow of $21 million last week

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Cointime2024/01/22 12:17

By:Cointime

According to CoinShares' weekly report, there was a small outflow of funds from digital asset investment products last week, totaling $21 million. However, Bitcoin trading volume reached $11.8 billion, seven times the weekly trading volume in a typical week in 2023. In terms of regions, the United States saw an inflow of $263 million, while Canada and Europe saw an outflow of $297 million in total, indicating that assets have shifted slightly to the United States, where costs are currently more competitive. Although the trading volume of $11.8 billion accounts for 63% of all trusted Bitcoin exchange trading volume, the total outflow of funds for Bitcoin was $25 million, highlighting that ETP activity is currently dominating overall trading activity.

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