The Digital asset investment products or the crypto funds had seen the net outflows for the second consecutive week that will be totaling around 47 million dollars, and the selloff has also been continued from the past week along with the outflows that are pre-dominantly coming from the providers of North America along with the outflows that has been comprising 98 percent as the flows in the continent of Europe has been decreased.
In a report, CoinShares said that, they believe that, the recent negative sentiment in the region of North America has been due to the continued jitters over the geopolitical and regulation issues that has been caused by the conflict between Ukraine and Russia.
Since the war between Ukraine and Russia started, the crypto currency market has now seen the trading volumes increased by 160 percent and 150 percent in Russia and Ukraine respectively.
Bitcoin, biggest crypto asset in the world has also seen the largest outflows that has been totaling 33 million dollars, and the half amount has been seen the past week, and in the past two weeks of the outflows is now totaling 101 million dollars but the year-to-date outflows has remain positive at the 64 million dollars.
