CoinShares: Cryptocurrency investments have seen outflows for three consecutive weeks, with Ethereum experiencing an outflow of 61 million dollars last week
The latest weekly report from CoinShares shows that crypto investments have seen outflows for the third consecutive week, totaling $30 million. Ethereum has experienced its largest outflow since August 2022, totaling $61 million, bringing its total outflow over the past two weeks to $119 million. A series of altcoins have seen inflows, most notably Solana ($1.6 million) and Litecoin ($1.4 million). Despite a positive sentiment in the cryptocurrency market this year, blockchain stocks have suffered an outflow of $545 million this year, accounting for 19% of assets under management.
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