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$62,618.00-0.25%
ETH$1,784.25+0.38%
USDT$0.9988-0.04%
USDC$0.9999+0.01%
XRP$1.07-0.61%
SOL$75.19-1.62%
TRX$0.3249-1.59%
FIGR_HELOC$1.03+1.91%
HYPE$63.74-2.41%
DOGE$0.0723+0.10%
USDS$0.99970.00%
RAIN$0.0143-0.35%
LEO$9.54+0.05%
ZEC$507.59-1.85%
WBT$54.95-0.04%
BTC$62,618.00-0.25%
ETH$1,784.25+0.38%
USDT$0.9988-0.04%
USDC$0.9999+0.01%
XRP$1.07-0.61%
SOL$75.19-1.62%
TRX$0.3249-1.59%
FIGR_HELOC$1.03+1.91%
HYPE$63.74-2.41%
DOGE$0.0723+0.10%
USDS$0.99970.00%
RAIN$0.0143-0.35%
LEO$9.54+0.05%
ZEC$507.59-1.85%
WBT$54.95-0.04%
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?