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Investors withdraw $1.67 billion from funds, according to CoinShares.
Institutional investors withdrew $1.67 billion from crypto funds during the latest Middle East risk event.
KEY POINTS
- XRP-based products remained profitable while Bitcoin and Ethereum suffered during the $4.21 billion outflow.
- Germany, previously resilient, recorded its first significant outflow with $25.7 million leaving crypto funds.
- The Netherlands defied the European exodus, posting a $1.3 million inflow into crypto products.
- XRP's year-to-date net inflows rose to $311 million, with assets under management reaching $2.473 billion.
COMPANIES
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