Europe Buys Bitcoin Dip Amidst Persistent US Fund Outflows
Europe Buys Bitcoin Dip Amidst Persistent US Fund Outflows
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Recent reports indicate five consecutive weeks of net redemptions from digital asset investment products, with CoinShares' Feb. 23 weekly report showing $288 million in outflows. This trend, primarily driven by US funds, contrasts with observations that European investors are actively buying the dip, particularly in Bitcoin.
Five straight weeks of net redemptions from crypto investment products are enough to raise the alarm, as they point to a choice that keeps getting made, with the same logic, on the same cadence, by the same kinds of committees. CoinShares' Feb. 23 weekly report showed digital asset investment products saw $288 million in outflows.