CryptoBlog n.2222
📊 Crypto investment products saw $528 million in net weekly outflows amid recession fears: CoinShares Global crypto investment products at asset managers such as Ark Invest, Bitwise, BlackRock, Fidelity, Grayscale, ProShares and 21Shares registered net outflows for the first time in a month last week, totaling $528 million, according to CoinShares' latest report. The outflows were “a reaction to fears of a recession in the US, geopolitical concerns and consequent broader market liquidations across most asset classes,” CoinShares Head of Research James Butterfill said. “The price correction from Friday’s close saw $10 billion wiped off total ETP AUM.”