Mondo Visione Worldwide Financial Markets Intelligence

FTSE Mondo Visione Exchanges Index:

7th Consecutive Week Of Outflow, Profit Taking Rather Than Downshift In Sentiment Likely - CoinShares: Fund Flows

Date 05/06/2023

  • Digital asset investment products saw outflows totalling US$62m, marking the 7th consecutive week of outflows that now totals US$329m.
  • Tron, the smart contracting platform, was the primary focus, seeing outflows totalling US$51m last week.
  • We believe investors have been taking profits and exiting short positions rather than the recent outflows representing a structural downshift in sentiment for bitcoin.

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