Cryptocurrencies post record outflows in first week of 2022 -CoinShares

Published by
Reuters UK

By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – Cryptocurrency investment products and funds had net outflows last week totaling a record $207 million, a report from digital asset manager CoinShares showed on Monday, as prices continued their tumble in the first trading week of the year. The sector has experienced four consecutive weeks of outflows since mid-December, reaching a total of $465 million, or 0.8% of total assets under management. Bitcoin, the world’s largest cryptocurrency in terms of market capitalization, posted outflows of $107 million in the week to Jan. 7. CoinShares investm…

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