Ethereum Funds Saw $11 Million Worth of Outflows Last Week

provided by cryptocurrency asset manager CoinShares. Its outflows have now topped a quarter of a billion dollars since the start of 2022. Overall, digital asset investment products attracted $87 million, with Bitcoin-centered funds accounting for the vast majority of the sum . Last week, cryptocurrency funds saw $141 million worth of outflows. North America was far ahead of Europe in terms of total inflows last week .

Solana comes in third place with $1.8 million worth in follows. It is followed by funds that track Tron and Polkadot , respectively. Due to the recent market correction, total assets under management have now shrunk to the lowest point in almost a year.Overall, cryptocurrency funds have already attracted $520 billion worth of inflows since the start of this tumultuous year.MoneyGram International to Develop Stablecoin-Based Transfer Platform

The price of Bitcoin is currently sitting just above the $32,000, adding nearly 7% within the last week. Ether is still in the red over the last week, but it is now close to regaining the psychologically important $2,000 level.Considering that Short Bitcoin saw nearly $2 million worth of inflows, the market remains bearish, according to CoinShares.

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