Investors Withdraw Almost $20 Billion From Cryptocurrency Funds

Global funds investing in crypto assets experienced a $19.6 billion investment outflow in November amid the collapse of digital currencies and the bankruptcy of the FTX exchange. This is stated in the publication of the research company CryptoCompare.

According to Interfax, cryptocurrency funds have lost approximately 14.5% of all assets under management, and the cumulative figure has dropped to a minimum since December 2020.

The lion’s share of the funds’ investments is made up of bitcoins and ether (Ethereum), they also invest in exchange instruments and other products. CryptoCompare tracks 20 funds, and 19 of them posted negative returns in November. The only fund that has remained in the black specializes in betting on the decline of bitcoin: its yield was 18.2%.

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