Institutions Trim Down Crypto Investments Amid Regulatory and Geopolitical Uncertainty: CoinShares.
15 Mar 2022, 08:00
Institutions Trim Down Crypto Investments Amid Regulatory and Geopolitical Uncertainty: CoinShares
A leading digital asset manager says crypto investment products experienced outflows over the last week for the first time in seven weeks.
According to the latest weekly CoinShares report, digital asset investment products suffered outflows of $110,000,000 last week.
CoinShares says that the North American outflows of $80 million are likely a response to US President Joe Biden’s executive order on crypto, though exact reasons are unclear.