$54 million from crypto products

Outflows were seen in digital investment products for the 5th week in a row. In the weekly report prepared by CoinShares, Europe’s largest digital investment firm, net outflows from crypto products reached a total of 54 million dollars. 85% of these outflows were made up of Bitcoin products. Net outflows from Bitcoin products reached $45 million.

The figure for Ethereum exits was 4.8 million dollars. While there were partial outflows of 300 thousand dollars each in Binance and Polygon products, Solana, Cardano and XRP products closed the week in plus. An inflow of 700 thousand dollars was seen in Solana. The net investment figure in Solana products since the beginning of the year has reached 26 million dollars.

The total value of crypto investment products appears to be 32 billion dollars. 21 billion dollars of this figure consists of the products of Grayscale company. In second place is CoinShares’ Bitcoin fund, with $1.5 billion. In investments based on countries, it is seen that the most sales are in US-based products. $41 million came out of US products weekly. In Germany, the country closest to the USA, this figure was 5.9 million dollars.