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It’s time to refocus on crypto infrastructure, CoinShares CSO says

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cointelegraph.com

The ongoing cryptocurrency market decline is the right time for the community to strengthen infrastructure fundamentals, according to the chief strategy officer at the European digital asset manager CoinShares.CoinShares is one of the largest digital asset investment firms in Europe, with net assets exceeding $260 million by the end of 2021.

According to CoinShares’ latest fund flows weekly report, digital asset investment products saw outflows totalling $423 million last week, the largest since records began by a wide margin.The report noted that the outflows were likely responsible for Bitcoin’s (BTC) decline to $17,760 on June 18, marking the lowest price level recorded since 2020.

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