Bitcoin
Bitcoin (BTC)
$63,975.00 -0.94904
Bitcoin price
Ethereum
Ethereum (ETH)
$3,061.30 -0.75957
Ethereum price
BNB
BNB (BNB)
$560.31 0.88749
BNB price
Solana
Solana (SOL)
$143.53 0.11498
Solana price
XRP
XRP (XRP)
$0.5138010 3.73375
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000231 2.34205
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000052 0.41052
Pepe price
Bonk
Bonk (BONK)
$0.0000151 2.7782
Bonk price
Bitcoin
Bitcoin (BTC)
$63,975.00 -0.94904
Bitcoin price
Ethereum
Ethereum (ETH)
$3,061.30 -0.75957
Ethereum price
BNB
BNB (BNB)
$560.31 0.88749
BNB price
Solana
Solana (SOL)
$143.53 0.11498
Solana price
XRP
XRP (XRP)
$0.5138010 3.73375
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000231 2.34205
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000052 0.41052
Pepe price
Bonk
Bonk (BONK)
$0.0000151 2.7782
Bonk price
Bitcoin
Bitcoin (BTC)
$63,975.00 -0.94904
Bitcoin price
Ethereum
Ethereum (ETH)
$3,061.30 -0.75957
Ethereum price
BNB
BNB (BNB)
$560.31 0.88749
BNB price
Solana
Solana (SOL)
$143.53 0.11498
Solana price
XRP
XRP (XRP)
$0.5138010 3.73375
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000231 2.34205
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000052 0.41052
Pepe price
Bonk
Bonk (BONK)
$0.0000151 2.7782
Bonk price
Bitcoin
Bitcoin (BTC)
$63,975.00 -0.94904
Bitcoin price
Ethereum
Ethereum (ETH)
$3,061.30 -0.75957
Ethereum price
BNB
BNB (BNB)
$560.31 0.88749
BNB price
Solana
Solana (SOL)
$143.53 0.11498
Solana price
XRP
XRP (XRP)
$0.5138010 3.73375
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000231 2.34205
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000052 0.41052
Pepe price
Bonk
Bonk (BONK)
$0.0000151 2.7782
Bonk price
SirWin
SirWin
SirWin

Asset outflows from crypto funds reach $500m in the last week

News
Asset outflows from crypto funds reach $500m in the last week

Digital asset investment products saw significant outflows last week, totalling $500 million.

Analytics company CoinShares presented a report on the flow of funds in investment products based on cryptocurrencies from Jan. 20 to Jan. 26, 2024. According to available information, Grayscale Investments’ spot Bitcoin (BTC) ETF played a central role in the report. Over the week, the outflow of funds from the crypto fund exceeded $2.2 billion. At the same time, the total amount of withdrawn assets crossed the $5 billion mark.

Asset outflows from crypto funds reach $500m in the last week - 1
Source: CoinShares

At the same time, the investment product of financial giant BlackRock continues to receive significant infusions, analysts say. Over the past week, the influx of funds amounted to $744 million. In second place in this indicator is the crypto fund of Fidelity Investments, which received financial injections of $643 million.

In total, spot Bitcoin ETFs recorded an inflow of $1.84 billion. Moreover, since their launch on January 11, 2024, crypto funds have received infusions of $5.94 billion.

At the regional level, the main outflow occurred in the USA ($409 million), Switzerland ($60 million) and Germany ($32 million). A net inflow of assets was observed only in Brazil – $10.3 million and in France – $100,000.

Analysts note that due to spot Bitcoin ETFs, the main movement of funds during this period was associated with the first cryptocurrency. This asset accounts for an outflow of $479 million. At the same time, the inflow from short Bitcoin positions amounted to $10.6 million.

At the same time, Ethereum (ETH)-based exchange products saw an outflow of $39 million. Most crypto funds based on other altcoins also lost funds in varying amounts.

Last week, CoinShares analysts said that capital inflows into cryptoy investment products totaled $21 million, with issuers with higher fees suffering since the launch of spot Bitcoin ETFs in the United States on Jan. 10, 2024. Thus, the outflow of funds from such funds amounted to $2.9 billion. $4 billion were invested in the new instrument.

Follow Us on Google News