Digital asset investment funds see negative outflows of $23m
29/11/2022 - 10:45am
Negative investor sentiment towards digital asset investment continued last week on the back of the fallout from the collapse of FTX with outflows totalling $23 million, according to the latest data from CoinShares.
The company's latesDigital Asset Fund Flows Weekly report shows that short investment products saw a mixture of inflows and outflows that varied across providers, while long-only investment products predominantly saw outflows.
Ether saw minor outflows totalling $6 million while the large inflows into short products seen the previous week were completely reversed with an outflows of $15.2 million.
Blockchain equities are also suffering from the FTX collapse, seeing $13 million worth of outflows last week.