Analysts noted capital outflows from crypto funds

by Max Nevskyi

3 years ago

Last week, analysts observed a small outflow of funds from cryptocurrency investment products, totaling $16 million. According to experts at CoinShares, this decrease is more likely due to profit-taking rather than a change in investor sentiment. Trading activity in the crypto market remained high, reaching $3.6 billion for the week.

In the US, the main capital outflow was recorded at $18 million, while in Germany, it amounted to $10 million. However, these losses were partially offset by inflows of funds into Canada and Switzerland, amounting to $6.9 million and $9.1 million, respectively.

Products focused on Bitcoin (BTC) experienced the greatest losses with an outflow of $33 million. There was also an outflow from short positions in BTC of $0.3 million. At the same time, altcoins showed positive dynamics. Crypto funds focused on Solana (SOL), Cardano (ADA), Ripple (XRP), and Chainlink (LINK) attracted $18.3 million in investments. Ethereum (ETH) and Avalanche (AVAX) also attracted $4.4 million and $1 million, respectively.

Blockchain stocks continue to attract investor attention, with inflows into such products totaling $122 million last week.

Tier I

Sector: #18291

Sealed Cache Room

Resource Cache

Tier I

Requires 25% Tier Progress to Claim

Meme Cache

Tier I

Requires 50% Tier Progress to Claim

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, caches will be stored in your inventory and can be opened with Keys.

Tier I

Sector: #18291

25%

50%

75%

100%

Tier II

Survivors rescued:

0 / 600

Survivors

0/0

Transmit Signal

Broadcast this sector's coordinates to other rescuers.

Other news

Bitcoin Red Team Established to Tackle AI-Driven Security Threats

The Bitcoin Red Team has been established to proactively identify AI-assisted security vulnerabilities in the Bitcoin ecosystem.

Tando Nkube16 hours ago

TON Validators Prepare for Configuration Vote on New Collator Architecture

TON validators are updating their node software and mytonctrl tooling for a configuration vote on a new collator architecture scheduled for August 21 at 0800 UTC.

Kofi Adjemana day ago

Aave's EMode: Efficiency and Risk in DeFi Lending

Aave's EMode feature allows for efficient borrowing among correlated assets but also increases the risk of liquidation during market stress.

Satoshi Nakamuraa day ago

Avalanche Surpasses $3 Billion in Tokenized Real-World Assets

Avalanche's tokenized real-world asset value has surpassed $3 billion, marking a significant milestone in its development as a platform for institutional finance.

Nguyen Van Longa day ago

Aave's Debt Concentration Raises Concerns Amid Ethereum Volatility

Aave's debt profile shows that a small number of loan positions account for a significant portion of its total outstanding debt, raising concerns about risk concentration.