Reported 8 months ago
Bitcoin investment products witnessed approximately $600 million in outflows for two consecutive weeks, marking the highest two-week outflow since the US gave the green light for exchange-traded funds to hold the leading cryptocurrency in January. Data from CoinShares International Ltd. revealed that digital asset products faced $584 million in outflows for the week ending on June 21, with Bitcoin products contributing the most significant share, losing $630 million over the past two weeks. Fidelity's Bitcoin fund recorded the largest outflow at $270 million, followed by Grayscale's fund that lost over $150 million.
Source: YAHOO