- Despite a year of strong inflows, cryptocurrency funds saw outflows in the last three weeks of 2021, as shown in data from digital currency manager CoinShares
- The final week of the year saw outflows of $44.4 million, totalling $361.2 million for the three weeks, but following record weekly outflows in mid-December indicates diminishing outflows
- Ethereum saw inflows double while Bitcoin saw an increase of 16 per cent, the lowest growth in inflows compared to other products
- Goldman Sachs analyst Zach Pandl predicts Bitcoin will take market share away from gold in 2022 as digital assets become more widely adopted
Despite a year of strong inflows, cryptocurrency funds saw outflows in the last three weeks of 2021, as shown in data from digital currency manager CoinShares.
The final week of the year saw outflows of US$32 million (A$44.4 million), taking the total for the three weeks to USD$260 million (A$361.2 million).
After record weekly outflows in mid-December, CoinShares said the trend suggests diminishing outflows.