Digital asset investment products saw $795m in outflows last week, marking a third consecutive week of declines and bringing total outflows since early February to US$7.2bn, according to the latest Digital Asset Fund Flows Weekly Report from CoinShares.
The current run of out flows has now almost totally erased YTD inflows.
Bitcoin led the outflows with $751m, despite maintaining YTD inflows of $545m, while ether followed with$37.6m in outflows.
Select altcoins bucked the trend, with XRP leading inflows at $3.5m, followed by smaller gains in ondo, algorand, and avalanche.
Taula Capital down 9.4% as volatile rates market hits macro hedge funds
Taula Capital Management, the hedge fund firm founded by former Millennium portfolio manager Diego Megia, has suffered a 9.4% decline this…
More
TT International shrinks as assets and revenue continue to decline
TT International Asset Management, the London hedge fund group founded by Tim Tacchi and owned by Japan’s Sumitomo Mitsui Banking Corp, has…
More
Davidson Kempner joins UK risk transfer to support Oxbury Bank lending
Hedge fund Davidson Kempner Capital Management is partnering with the UK government to provide capital relief to agricultural lender Oxbury…
More
