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Cryptocurrency News

Crypto funds under management drop to a low not seen since July 2021

05/25/2022

Less than a minute

2022.05.25 06:36

Digital asset investment products saw $141 million in outflows during the week ending on May 20, a move that reduced the total assets under management (AUM) by institutional funds down to $38 billion, the lowest level since July 2021.

According to the latest edition of CoinShare’s weekly Digital Asset Fund Flows report, Bitcoin (BTC) was the primary focus of outflows after experiencing a decline of $154 million for the week. The removal of funds coincided with a choppy week of trading that saw the price of BTC oscillate between $28,600 and $31,430.

Source

05/25/2022

Less than a minute