Drainage of digital assets in the amount of $ 17 million in the United States due to official concerns: CoinShares

Drainage of digital assets in the amount of $ 17 million in the United States due to official concerns: CoinShares

The negative mood in investment products for digital assets achieved the fourth week with a drainage of $ 17 million. This is confirmed, according to the latest edition of the Coinshares report:

"The bad mood probably reflects the persistent concern of investors about the regulatory uncertainty for the investment class."

Institutional investors feel the pressure because the US supervisory authority, the Securities and Exchange Commission (SEC), continues to aim at the crypto companies in the country. However, the drains were low this week compared to the numbers of the past few weeks.

• A large part of these drains came up with a total of $ 20 million, according to the Bitcoin fund manager.
• On the other hand, Short-Bitcoin recorded tributaries of $ 1.8 million in the same period for a third week. The recent inflows could not be significantly transferred to the managed short-bitcoin assets (AUM), since it has only increased by 4.2 % since the beginning of the year.
• In contrast, the long-bitcoin room has increased by 36 %since the beginning of the year. This essentially indicates that short positions did not benefit some investors as expected.
In the meantime, the volumes of all investment products were also recorded as low for the week at $ 844 million.
• A similar scenario was observed for the entire Bitcoin market volume with $ 57 billion. This is particularly 15 % lower than usual.
• old coins recorded minor inflows. Ethereum, for example, was $ 0.7 million, while Solana recorded tributaries of $ 0.34 million.
• The drains of Binance and Cosmos made $ 0.38 million or $ 21 million.

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