Cryptocurrency investment products and funds posted outflows to start the second half of the year, as cautious sentiment persisted in the midst of ...
NEW YORK: Cryptocurrency investment products and funds posted outflows to start the second half of the year, as cautious sentiment persisted in the midst of a summer lull, according to data from digital asset manager CoinShares released on Monday .
Data showed that hash-rate, a gauge of mining activity, has recovered from the peak-to-trough decline of 55 per cent to just a 39 per cent fall. If this holds, Glassnode said this would suggest that about a hash power equivalent of roughly 29 per cent has come back online. Multi-asset investment products were the most popular last week, with inflows of US$1.2 million. In 2021, these products showed inflows of US$362 million or 16.5 per cent of total crypto assets under management of US$39.2 billion, which implied that investors are looking to diversify their digital asset holdings.
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