CryptoNews

Coinshares Sees $528 Million Outflow From Crypto Products Due to Recession Fears

Coinshares: Exploring the Future of Cryptocurrency

Coinshares, a digital asset investment firm, has reported a significant $528 million outflow from its crypto products last week, driven by growing recession fears. This substantial withdrawal reflects the heightened market uncertainty and investor caution amid economic downturn concerns. Despite this setback, Coinshares remains committed to its long-term strategy and continues to expand its operations in the US and enhance its European distribution. The firm’s recent financial results for Q2 2024 still show a strong performance, highlighting its resilience in the face of market volatility.

Source: Bitcoin

Related posts
NewsSpace

Can we dim the sun to fight climate change? Not without risking weather patterns, scientists suggest

NewsSpace

The Smithsonian might have to cut space shuttle Discovery into pieces to get it to Texas

NewsSpace

Volcanic explosions on Mars may have left massive ice deposits at the Red Planet's equator

MobileNews

Realme GT 8 Pro Announced with 200MP Telephoto Camera, 7000mAh Battery

Sign up for our Newsletter and
stay informed!