{"id":11058,"date":"2022-05-24T17:16:22","date_gmt":"2022-05-24T17:16:22","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/crypto\/crypto-funds-under-management-drop-to-a-low-not-seen-since-july-2021\/"},"modified":"2022-05-24T17:16:24","modified_gmt":"2022-05-24T17:16:24","slug":"crypto-funds-under-management-drop-to-a-low-not-seen-since-july-2021","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/crypto\/crypto-funds-under-management-drop-to-a-low-not-seen-since-july-2021\/","title":{"rendered":"Crypto funds under management drop to a low not seen since July 2021"},"content":{"rendered":"
Digital asset investment products saw $141 million in outflows during the week ending on May 20, a move which reduced the total assets under management (AUM) by institutional funds down to $38 billion, the lowest level since July 2021.\u00a0<\/p>\n
According to the latest edition of CoinShare\u2019s weekly Digital Asset Fund Flows report, Bitcoin (BTC) was the primary focus of outflows after experiencing a decline of $154 million for the week. The removal of funds coincided with a choppy week of trading that saw the price of BTC oscillate between $28,600 and $31,430. <\/p>\n