Analysts noted capital outflows from crypto funds

Analysts noted capital outflows from crypto funds

user avatar

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

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

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.

Other news

Cronos Reverses Transactions to Mitigate Exploit Damage

chest

Cronos blockchain network rolled back nearly two hours of transaction history to recover funds after a significant exploit of the Tectonic lending protocol.

user avatarBayarjavkhlan Ganbaatar

MEXC Introduces Opportunity Compass for Enhanced Market Understanding

chest

MEXC has launched Opportunity Compass, an educational initiative aimed at helping users understand both crypto and traditional financial markets.

user avatarMohamed Farouk

MEXC Introduces Opportunity Compass for Crypto Education

chest

MEXC has launched Opportunity Compass, an initiative aimed at educating cryptonative users about global markets and financial opportunities.

user avatarElias Mukuru

Zoomex Highlights Market Volatility Amid Economic Shifts

chest

Zoomex highlights its platform's capabilities during a week of sharp market volatility driven by economic data, enabling traders to respond in real-time.

user avatarDiego Alvarez

Tesla Faces Regulatory Scrutiny, Stock Drops

chest

Tesla's shares fell 6% following a new investigation into its autonomous vehicle technology by the National Highway Traffic Safety Administration, highlighting the impact of regulatory scrutiny on the stock market.

user avatarMaria Fernandez

Unexpected Developments in the US Labor Market with Employment Expansion.

chest

The US economy added 162,000 jobs in August, significantly exceeding forecasts, leading to a rapid repricing of Federal Reserve expectations regarding interest rates.

user avatarKenji Takahashi

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.