Digital Asset Funds Saw $29M in Net Inflows Last Week as Investors Bet on Bitcoin
Crypto-related investment funds registered $29 million in net inflows last week, following three weeks of outflows.
BTC$62,686.00-1.67%
ETH$1,666.62-3.16%
USDT$0.9987-0.01%
USDC$0.9996-0.01%
XRP$1.10-1.88%
SOL$69.40-3.23%
TRX$0.329-1.01%
FIGR_HELOC$1.03-0.16%
HYPE$61.30-7.24%
DOGE$0.0789-3.56%
USDS$0.9997+0.00%
RAIN$0.0157-2.06%
LEO$9.49-0.84%
ZEC$413.84-6.89%
XLM$0.1911-3.05%
BTC$62,686.00-1.67%
ETH$1,666.62-3.16%
USDT$0.9987-0.01%
USDC$0.9996-0.01%
XRP$1.10-1.88%
SOL$69.40-3.23%
TRX$0.329-1.01%
FIGR_HELOC$1.03-0.16%
HYPE$61.30-7.24%
DOGE$0.0789-3.56%
USDS$0.9997+0.00%
RAIN$0.0157-2.06%
LEO$9.49-0.84%
ZEC$413.84-6.89%
XLM$0.1911-3.05%
Crypto-related investment funds recorded $55 million in outflows last week amid the latest broader market downturn.
Crypto-related investment funds registered $29 million in net inflows last week, following three weeks of outflows.
Digital asset investment products recorded a third consecutive week of net outflows.
Most of the outflows last week came from Bitcoin-related funds, totaling $53 million.
The closures of Signature and Silvergate banks spooked institutional crypto investors, driving digital asset fund outflows to a new weekly record.
Digital asset funds saw the biggest weekly outflows in nearly two months.
Digital asset investment products saw $23M in outflows last week as FTX debacle impact persists.
Bitcoin saw inflows totaling $17 million last week while Ethereum saw negative flows of around $15 million.
Ethereum saw minor outflows of $1 million last week as investors remain cautious before the Merge next month, according to CoinShares.
Bitcoin is leaving exchanges at a record rate for 2021. What does that mean?