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CoinShares: $47 million in outflows from crypto investment products last week

March 22, 2022
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According to a CoinShares report, in the week ending March 18, there was an outflow of $47 million from crypto investment products, mainly from North American suppliers, accounting for 98% of the outflow. CoinShares attributes the recent negative sentiment in North America to continued tensions over regulatory and geopolitical issues arising from the conflict in Ukraine.

Since the conflict began, Ukrainian and Russian transaction volumes have increased by 160% and 150%, respectively. Bitcoin had the largest outflow, totaling $33 million. Ethereum’s total outflows totaled $17 million last week, down from $50 million the previous week.

Previous ArticleThe 24-hour transaction volume of the encrypted asset market exceeded 100 billion US dollars, and the 24-hour transaction volume increased by 27.36%
Next Article MIT Researcher: U.S. Should Buy Bitcoin to Mitigate Other Countries Weaning From Dollar Dependence

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