CoinShares: Bitcoin, Ethereum experienced outflows while Avalance and Litecoin benefit

CoinShares: Bitcoin, Ethereum experienced outflows while Avalance and Litecoin benefit
фото показано с : invezz.com

2023-5-24 17:58

Digital asset funds have registered the 5th successive week of outflows. Meanwhile, the space lost another $32 million within the last seven days. The leading crypto, Bitcoin (BTC), dominated with outflows of $33 million.

According to CoinShares data, $32 million out of crypto funds took place last week. The focus of fund outflows was Bitcoin. Thus, at the end of the 5th week, the output amount reached 232 million dollars.#Bitcoin2023 #BTC #Crypto #CryptoNews #cryptomarket #BTCUSDT #NEWS pic.twitter.com/lfvHA9d9Mj

— Hedef Capital (@HedefCapital) May 22, 2023 Bitcoin funds saw $33m outflows over last week

It was yet another week of withdrawals in digital asset funds. That comes as the industry experiences increased regulatory pressure. Digital asset investment funds recorded outflows of $32 million within the previous week, completing the fifth consecutive week of pessimistic sentiment. That’s according to the latest CoinShares digital asset funds report.

The report highlighted that $232 million, accounting for 0.7% of the overall AUM (asset under management), left the market from mid-April. Meanwhile, the bellwether crypto dominated the outflows, with $33M withdrawn from BTC funds within the past week.

Germany recorded the most outflows, representing 73% (or $24M) of the overall figure. The U.S. and Switzerland followed with $5M and $3.3 million, respectively. Minor figures emerged from Brazil and Canada, at $1.3 million and $2.2 million, respectively.

Short-BTC products also saw outflows

Similarly, short-bitcoin products witnessed slight outflows of $1.3 million. CoinShares stated that these investment products have outflows totaling $235 million within the past five weeks. It added that it remains unclear why both long and short products retain coordinated negative sentiment.

While Ethereum products also recorded outflows of $1 million, other altcoins, including Litecoin and Avalanche, had inflows of $0.3 million and $0.7 million, respectively. Remember, digital asset funds witnessed 6-month high inflows in January’s final week – $117M. That came as the cryptocurrency market soared early in 2023.

Bitcoin poised for a bearish wave

Digital asset funds flow measures cash movement into & out of investments. Meanwhile, they can be an impressive indicator of how institutional players move their money. Inflows show optimism among investors, whereas outflows indicate investor fear of upcoming market trends.

In that context, the $232 million outflows over the last five weeks indicate wariness among institutional investors. Bitcoin’s sentiment will likely suffer in the upcoming sessions, translating to bearish waves. Invezz.com shows Bitcoin lost 0.42% over the past day to trade at $26,782.56.

The post CoinShares: Bitcoin, Ethereum experienced outflows while Avalance and Litecoin benefit appeared first on Invezz.

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outflows million bitcoin within lost space another

Источник: invezz.com

outflows million → Результатов: 83


Фото:

Bitcoin’s halving fails to stem $206 million outflows as investors shift to altcoins like Polkadot

Crypto-related investment products saw their second consecutive week of outflows in April, with roughly $206 million leaving the market, per CoinShares‘ recent weekly report. Despite Bitcoin’s recent halving, which typically generates excitement in the market, investor interest in the leading digital asset remained subdued, evidenced by outflows totaling $192 million.

2024-4-23 21:00


Regulatory concerns taking a toll: Bitcoin, Ethereum investment funds record $120 million in outflows 

After seven consecutive weeks of inflows, crypto investment products recorded significant outflows last week, according to the latest report by institutional crypto fund manager CoinShares. The post Regulatory concerns taking a toll: Bitcoin, Ethereum investment funds record $120 million in outflows  appeared first on CryptoSlate.

2022-3-16 22:00


13 Consecutive Week of Inflows Send Bitcoin AUM to A Record $56B and Ether’s Past $21B For The First Time

Solana, Polkadot, and XRP are also attracting inflows totaling $9.8 million, $5.2 million, and $3.1 million, respectively, with Tron the only one to record outflows. The post 13 Consecutive Week of Inflows Send Bitcoin AUM to A Record B and Ether’s Past B For The First Time first appeared on BitcoinExchangeGuide.

2021-11-16 16:40


Inflows Recorded Across Digital Assets for the First Time in 9 Weeks: CoinShares Report

After five weeks of consecutive outflows, digital asset investment products finally saw inflows last week totaling $63 million in the week ending July 2nd, according to CoinShares’ data. It was also the first time in nine weeks that inflows were seen across all individual digital assets, “implying a turnaround in sentiment amongst investors.

2021-7-5 20:24


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