The outflow represents 1.2% of the total AuM, ranking the 3rd largest. In early 2018, the market witnessed an outflow worth 1.6% of the total AuM.
The outflows of digital asset investment products reached a stunning record-high of $423 million last week amid deepened market dumps, according to the Bitcoin ETF provider ProShares. The amount sharply increased from the prior largest outflow of $198 million by January this year.
“The outflows occurred on 17th June but were reflected in last week’s figures due to trade reporting lags, and likely responsible for Bitcoin’s decline to $17,760 that weekend.”
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