[Taklimakan Blog] Investors Withdrew $140 Million from Bitcoin-Based Products in a Week

The trading volume of the instrument based on the main cryptocurrency fell by 62% in early June.

Institutional investors have withdrawn more than $140 million from bitcoin-based investment products over the past week, according to CoinShares.

A report from the investment company indicates that the volume of a trading instrument based on the main cryptocurrency in early June decreased by 62%, compared with the average trading activity in May. At the same time, investors increased their investments in products based on Ethereum (+ $33 million), Ripple ($+7 million), and Cardano (+ $4.5 million).

Since the beginning of 2021, more than $4.2 billion have been invested in Bitcoin-based products. At the beginning of June, investments in digital coin-based instruments account for 65% of the total amount of capital locked in cryptocurrency investment products.