CoinShares: Capital outflow from crypto funds was the highest in 12 weeks

A report from CoinShares said that last week there were $23 million in capital outflows from digital currency-focused funds.
According to analysts’ estimates, the withdrawal of funds was the largest in the last 12 weeks. Institutional investors prefer to hedge risks and reallocate portfolios not in favor of cryptocurrencies.
The change in tactics was a direct result of the FTX crash and the subsequent turbulence in the crypto market. After a two-week series of institutional entry into the cryptosphere, capital outflows resumed.

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