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HomeCryptoCurrencyGovernment Concerns Spark Surge in Cryptocurrency Investment Products: CoinShares Report

Government Concerns Spark Surge in Cryptocurrency Investment Products: CoinShares Report

The Lockdown Stimulates Buying of Cryptocurrency Investment Products

Concerns about a Possible We Government

The lockdown stimulated buying of Cryptocurrency investment products between September 23 and 29.

According to CoinShares, the flow to digital asset Investment products reached $21 million last week. Experts pointed out that main The activity finally happened of The week before the end of the financial year. At that time, there was still no certainty about distribution of budget Funds to continue work of Departments.

“The recent territorial dispute continues, with The United States is witnessing outflows totaling $19 million last week, while Europe and Canada witnessed inflows of US$23 million and US$17 million respectively.

Quinn Shares reports

Bitcoin (BTC) funds recorded an inflow of $20.4 million after outflow of 6 million dollars in period covered by the previous report. Of the structures that allow Open pants on the first In cryptocurrency, investors withdrew $1.5 million (a week ago, $2.8 million).

Altcoin-based products showed mixed dynamics. In Ethereum (ETH) funds, investors released $1.5 million in the previous week – $2.2 million. Solana-Based Products (SOL) raised $5.1 million.

Europeans invested in Encryption products last week but they were unable to reverse the negative trend. According to a CoinShares report, investors have withdrawn $294 million from the industry since the beginning of the year.

In the reporting period, the outflow amounted to $9 million, while trading The volume reached $820 million, which is well below average for the year ($1.3 billion).

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Adrian Ovalle
Adrian Ovalle
Adrian is working as the Editor at World Weekly News. He tries to provide our readers with the fastest news from all around the world before anywhere else.

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