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<ul class="news-points"> 
 <li>CoinShares reported an increase in digital asset capital outflows last week.&nbsp;</li> 
 <li>Bitcoin recorded $33 million in outflows following a volatile trading session last week.&nbsp;</li> 
 <li>Altcoins inflows notched higher, led by funds moving into Solana, Cardano, XRP, and Chainlink.</li> 
</ul> 
Amidst the volatility in the cryptocurrency market, CoinShare’s latest <a href="https://blog.coinshares.com/volume-162-digital-asset-fund-flows-weekly-report-30bf22a62894" target="_blank" rel="nofollow">analysis</a> shows capital outflows in digital asset investment products ticked higher than inflows during the previous week.&nbsp; However, the report clarified the outflows are more a result of profit-taking than a swing in sentiment.&nbsp; 
The report noted that digital asset investment products saw outflows of $16 million last week. According to the report, the increase in outflows ended 11 consecutive weeks of inflow.&nbsp; 
Additionally, CoinShares stated that even with the withdrawals, trading activity was still significantly higher than average, with $3.6 billion traded during the week compared to the $1.6 billion weekly average for the year.&nbsp; 
Regionally, the United States and Germany accounted for nearly $18 million and $10 million of the outflows, respectively. This was offset however, by substantial inflows of $9.1 million and $6.9 mil…
The post <a href="https://coinedition.com/crypto-market-sees-mixed-capital-flows-bitcoin-loses-33m-in-outflows/">Crypto Market Sees Mixed Capital Flows; Bitcoin Loses $33M in Outflows</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Crypto Market Sees Mixed Capital Flows; Bitcoin Loses $33M in Outflows

Coin Edition

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