Global crypto assets AUM back at $50 billion, but outflows continue
Ethereum market share is again rapidly rising and now represents 26% of investment products, compared to just 11% at the beginning of 2021. Despite the positive price movements, bitcoin continued to bear the brunt of the outflows, totalling $33 million last week
NEW DELHI: Total assets under management (AUM) of global digital assets hit the $50 billion level last week, the highest since mid-May, as crypto prices made a sharp recovery. However, despite bullish moves, crypto digital assets logged a fifth straight week of outflows totalling $26 million, according to digital asset manager CoinShares.
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