Cryptocurrency ETFs and More Witnessed Approximately ¥170 Billion in Net Outflows Last Week

James Butterfill, the head of research at CoinShares, a firm specializing in asset management for digital assets, reported on the 18th that the total fund flows for digital asset investment products such as ETFs last week amounted to a net outflow of about $1.07 billion (approximately ¥170 billion).

Butterfill noted that one possible reason for this net outflow could be the stagnation of peace talks between the US and Iran. Meanwhile, he also mentioned that the progress in the deliberation of the US 'Clarity Act,' a legislative proposal concerning the structure of the cryptocurrency market, might have somewhat alleviated the worsening market sentiment.

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