Cryptocurrency Investment Products See Net Outflows for Five Consecutive Weeks

James Butterfill, the head of research at cryptocurrency investment firm CoinShares, reported on the 23rd that last week, digital asset investment products, including ETFs, saw a net outflow of about $2.9 billion (approximately 446 billion yen).

Butterfill explained that this marks the fifth consecutive week of net outflows, indicating that the market downturn is continuing. He also reported that a decrease in trading volume clearly demonstrates waning investor interest.

What are ETPs?

ETP stands for 'Exchange Traded Products,' which refers to financial products that are traded on an exchange...