According to a prominent crypto asset manager, institutional investments in digital asset products have dropped for the second week in a row, showing that investors are being cautious. Accordingly, 3 altcoin projects stand out. Here are the altcoins in question…
According to CoinShares, these altcoins have had a big exit
In the latest issue of the Digital Asset Fund Flows Weekly report, CoinShares announced a total of approximately 100 million dollars in crypto investment products last week. He found that he saw an exit from the altcoin project worth. The statement from the leading crypto company is as follows:
Digital asset investment products saw a total outflow of 97 million US dollars last week. Exits from altcoin projects represent the second week, which we believe is likely a result of recent profits and a reaction to the Federal Open Market Committee (FOMC) statement adopting more aggressive policies.
CoinShares suggests that the massive outflows from Europe last week may be a belated response to the FOMC’s statement on tightening monetary policy. Bitcoin (BTC), the leading cryptocurrency by market value, suffered the heaviest outflows with $73 million last week. According to data from the leading crypto platform, Bitcoin has reached an exit of $196 million for April 2022.
3 exiting altcoins include ETH, SOL and ADA
Altcoins such as Ethereum (ETH), Solana (SOL) and Cardano (ADA) whose investment products are cryptocurrencies that usually enjoy entries , followed last week Bitcoin in the exits. Investment products focused on multiple cryptocurrencies or multiple altcoin projects are the only ones to see listings in the past week. CoinShares, whose data we closely monitor as Kriptokoin.com, states the following on the subject:
Ethereum, Solana and Cardano received $27 million, $0.7 million and $0 respectively last week. It saw an output of $ .7 million. Multi-asset investment products continue to hold firm for another week, with inflows totaling $5.3 million.
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