The outflow comes in the wake of a massive crackdown on the digital asset industry in the United States.
The negative sentiment in digital asset investment products reached the fourth week recording an outflow of $17 million. Confirming the same, the latest edition of the CoinShares report stated,
Institutional investors are feeling the pressure as the US regulatory agency, the Securities and Exchange Commission , Contrastingly, long-bitcoin AUM was up by 36% YTD. This essentially indicated that short positions have not benefited some investors as expected.
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