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Bitcoin (BTC)
$65,752.00 -3.21833
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Ethereum
Ethereum (ETH)
$3,481.63 -0.07068
Ethereum price
BNB
BNB (BNB)
$582.69 -1.97149
BNB price
Solana
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$173.48 -4.98419
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XRP
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$0.5966450 -3.15936
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Shiba Inu
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$0.0000172 -3.7991
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Pepe
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$0.0000123 0.67511
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Bonk
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$0.0000282 -8.30535
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Bitcoin
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$65,752.00 -3.21833
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$3,481.63 -0.07068
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$582.69 -1.97149
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$173.48 -4.98419
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$0.5966450 -3.15936
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Shiba Inu
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$0.0000172 -3.7991
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Pepe
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Bitcoin
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$65,752.00 -3.21833
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Ethereum
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$3,481.63 -0.07068
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BNB
BNB (BNB)
$582.69 -1.97149
BNB price
Solana
Solana (SOL)
$173.48 -4.98419
Solana price
XRP
XRP (XRP)
$0.5966450 -3.15936
XRP price
Shiba Inu
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$0.0000172 -3.7991
Shiba Inu price
Pepe
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$0.0000123 0.67511
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$0.0000282 -8.30535
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Crypto products see record outflow of $942m, breaking 7 week influx trend

crypto-products-see-record-outflow-of-942m-breaking-7-week-influx-trend
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Crypto products see record outflow of $942m, breaking 7 week influx trend

The outflow from crypto investment products from March 16 to 22 reached $942 million after the maximum historical inflow of $2.92 billion.

CoinShares experts note that previously, positive dynamics were observed for seven weeks. During this period, inflows into instruments amounted to $12.3 billion. Trade turnover amounted to $28 billion after a record $43 billion the previous week.

Crypto products see record outflow of $942m, breaking 7 week influx trend - 1
Source: CoinShares

The main driver of the negative dynamics was outflows from GBTC from Grayscale for $2 billion. They exceeded net inflows to its competitors ($1.1 billion). As a result, market participants withdrew a record $904 million from Bitcoin (BTC) related instruments after the highest-ever receipts of $2.86 billion a week earlier.

Combined with a rollback in quotes, the volume of digital assets under management decreased by $10 billion to $88.2 billion. A week earlier, the metric immediately exceeded $100 billion. From structures that allow opening short positions on BTC, clients took $3.7 million after the maximum investment since the beginning of the year of $26 million in the previous seven days.

In Ethereum (ETH) funds, the outflow increased from $13.9 million to $34.2 million. Investors withdrew $5.6 million and $3.7 million from instruments based on Solana (SOL) and Cardano (ADA), respectively. Products based on Polkadot (DOT), Avalanche (AVA), and Litecoin (LTC) recorded inflows of $5 million, $2.9 million, and $2 million, respectively.

Noteworthy, a week earlier, inflows in cryptocurrency investment products amounted to $2.92 billion after $2.69 billion in the previous reporting period. Thus, the inflow since the beginning of the year reached $13.2 billion. For comparison, for the entire 2021 the figure was $10.6 billion.