Crypto Funds Bleed $352 Million Weekly Outflows Despite Optimism Over Fed Cut...
Crypto investment products saw $352 million in outflows over the past week, while trading volumes plummeted by 27%. However, the year-to-date (YTD) inflows remain robust at $35.2 billion. Bitcoin Sees Inflows, Ethereum Products Struggle According to CoinShares’ latest Digital Asset Fund Flows Weekly Report, despite weaker payroll figures and greater prospects for a September interest […]
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Spot Bitcoin ETFs extended their redemption streak on May 28, with another $229 million leaving the products as outflows across crypto-linked exchange-traded funds deepened. Spot Ethereum ETFs also remained under pressure, recording $121 million in net outflows and pushing their own withdrawal run to 13 consecutive trading days. Bitcoin ETFs See Ninth Straight Outflow The […]
Despite extreme fear in the market, institutional investors appear to be re-accumulating Bitcoin using dedicated funds. After recording heavy outflows at the start of 2022, cryptocurrency investment funds have seen a gradual uptick in investor demand over the past two weeks, offering cautious optimism that the worst of the market downturn had passed.Digital asset investment products saw $19 million worth of cumulative inflows last week, according to CoinShares. Bitcoin (BTC) and multi-asset funds led the gains with $22 million and $32 million worth of inflows, respectively. The news wasn’t....
Institutional investors are diversifying into altcoins amid the latest market downturn. Multi-asset investment products registered another sharp rise in weekly inflows. Institutional outflows from cryptocurrency funds intensified last week, a sign that fund managers were still taking profits on their Bitcoin (BTC) holdings following a historic run-up through April. Digital asset investment products saw cumulative outflows totaling $19.5 million for the week ended Friday, marking the fourth consecutive weekly drawdown, according to CoinShares data. The bulk of the outflows were concentrated....
Crypto investment funds have now recorded a fifth straight week of net outflows, wiping roughly $4 billion from investor coffers over that span. Related Reading: Bullish Signal? Coinbase Bitcoin Premium Turns Positive After Months In Red That steady removal of capital has been paired with a sharp fall in trading activity, signaling that many holders are standing on the sidelines rather than buying dips. Trading Volume Hits Multi-Month Low According to a CoinShares report published Monday, crypto funds saw $288 million in net outflows last week, bringing the five-week total to roughly $4....
Digital asset investment products recorded $5 million worth of cumulative weekly outflows in what CoinShares describes as an “apathetic period.” On Oct 24, European cryptocurrency investment firm CoinShares published its “Digital Asset Fund Flows Report,” which revealed that digital asset investment products saw $5 million worth of cumulative outflows last week in a continuation of what it calls an “apathetic period” that began in September 2022. Most notably, investment product volumes dropped to $758 million during the week, the lowest since October 2020 and far below the weekly average....