Crypto Investment Products See Largest Outflows on Record Amid SVB Collapse

The crypto market was filled with fear and trepidation last week following the high-profile collapses of Silvergate Bank and Silicon Valley Bank. These events led to crypto investment products seeing the largest outflows on record. The collapse of these two banks sent shockwaves through the crypto market, leading to an acceleration in the outflow of crypto investment products. Data shows that for the week of November 15th - 21st, crypto investment products experienced the largest outflows on record. The majority of the outflows were in the form of bitcoin, which saw $454 million in outflows. Altcoins such as Ethereum and XRP also saw significant outflows, though not as large as Bitcoin. It is unclear why the outflows increased so dramatically in the wake of the two bank collapses. It is possible that investors were spooked by the events, leading to a rush to exit their positions. It is also possible that the outflows were fueled by investors seeking to take advantage of the volatility created by the news. In any case, the impact of the SVB collapse is still being felt in the crypto market, with investors taking a cautious approach to their investments. It remains to be seen if the outflows will stabilize in the coming weeks or if they will continue to accelerate.