CoinShares: U.S. Regulatory Policies Caused $32 Million in Digital Asset Outflows

According to news on February 21, the report of the institutional encryption fund management company CoinShares showed that the total outflow of funds from digital asset investment products last week was 32 million US dollars, the largest outflow of funds this year.

CoinShares analyst James Butterfill added that mid-week outflows hit $62 million last week, with the majority (78%) of these outflows coming from Bitcoin.

But the pace of outflows has slowed as market sentiment has improved. It is reported that the U.S. Securities and Exchange Commission (SEC) filed charges against Kraken’s pledge service on February 9. A few days later, the SEC sued Paxos over the minting of BinanceUSD (BUSD).