Cryptocurrency Investment Products Witness ¥66 Billion Outflow, Potentially Due to Iranian Situation and Inflation Concerns—CoinShares

¥66 Billion Outflow in One Week

James Butterfill, the Head of Research at cryptocurrency investment firm CoinShares, reported on the 30th that digital asset investment products, including ETFs, recorded an outflow of funds for the first time in five weeks last week.

The backdrop includes prolonged conflict in Iran and rising inflation expectations, which have raised investor concerns. Additionally, the possibility of an interest rate hike at the June meeting of the Federal Open Market Committee (FOMC) has emerged...