US regulatory reform results in $32 million in digital asset withdrawals: CoinShares

so saw withdrawals, although blockchain equities defied the trend, with inflows totaling $9.6 million for the week.

Institutions began reinvesting in crypto funds in January, with inflows topping $117 million in the final week of the month, a six-month high.

Nevertheless, after four weeks of inflows in January, funds have suffered outflows over the previous two weeks.

The regulatory enforcement step that contributed to the shift in opinion was the SEC’s accusations against Kraken for its staking services on February 9. A few days later, it sued Paxos over the creation of Binance USD, and it also recommended reforms last week aimed at crypto businesses that act as custodians.