Crypto Shocks: Record Continuous Investment Outflows

CoinShares Digital Asset Management Company Cryptocurrency Market Outflow Reveals Record Highest $207 Million In the first week of 2022, “Bitcoin” peaked at $107 million.

January 12, 2022 CoinShares Digital Asset Management Company revealed that the money flowed out of the investment product market and an unprecedented number of crypto-currency funds with a value of up to 207 million US dollars in the first week of 2022 and the outflow for four consecutive weeks since mid-December. totaling $465 million

CoinShares also stated that during the first week of 2022, the largest inflow of digital asset investments was bitcoin, reaching $107 million. This is considered to be the cryptocurrency with the highest market capitalization.

Mr James Butterfield CoinShares investment strategist says that the massive outflow of money from the digital asset investment market This was due to investors’ reaction to minutes from the Federal Reserve’s latest meeting last December that said the Fed’s concerns about rising inflation raised investors’ concerns that The Fed will raise interest rates

by using the policy to control the financial The Fed is a negative factor affecting investments in assets around the world, including cryptocurrencies. This is because the liquidity of the market will be tighter and more volatile as well.

However, since the beginning of 2022, the value of bitcoin has fallen almost 10%. Bitcoin Price Drops From $40,000 For First Time Since September 2021
Meanwhile, the world’s second largest cryptocurrency by market capitalization, Ethereum, posted $39 million in outflows. In the past week, over the past 5 weeks there has been an outflow of up to $200 million.

According to CoinShares, Ethereum outflow accounts for 1.4% of the total portfolio value of Ethereum investments, which is higher than that of Bitcoin. The value of the blockchain Cash outflows weren’t so bad, with outflows of $10 million last week.

Read the original news: Crypto is terrified of unprecedented continuous investment outflows.

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