Bitcoin sees record USD98m outflows
Bitcoin investment products saw record outflows of USD98 million or .02 per cent of total assets under management last week, according to the latest Digital Asset Fund Flows Report from CoinShares.
All other digital asset investment products continued to see inflows which totalled USD48 million last week. With the data implying that investors have been diversifying out of bitcoin and into altcoin investment products.
Ethereum continued to see continued inflows totalling USD27 million last week, with the month of May marking the first time ever that there has been more investment product trading volumes in ethereum relative to bitcoin.