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 Hiding Place 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, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Developer Releases 56 Billion TikTok Video Metadata on Hugging Face

A developer known as hashfunction has released a dataset containing metadata for about 56 billion public TikTok videos on Hugging Face.

user avatarMaya Lundqvist

Ongoing Legal Battles Over TikTok Data Scraping Practices

The legality of data scraping from TikTok is currently being challenged in court, with Reddit suing Perplexity and three data-scraping firms for allegedly harvesting content for AI training.

user avatarKaterina Papadopoulou

Fairshake Launches Bipartisan Campaign to Support Pro-Crypto Lawmakers

Fairshake is launching a bipartisan campaign to support 32 incumbent candidates in the House, focusing on those who back the House CLARITY market structure bill, with an initial commitment of $6 million in independent spending.

user avatarLeo van der Veen

Binance Introduces AI-Driven Trading Tools

Binance launches a suite of AI products aimed at enhancing trading experiences for various user levels.

user avatarLi Weicheng

Binance Announces Dividend Reinvestment for Tokenized Stocks

Binance has announced a dividend reinvestment process for holders of its Oracle and Marvell tokenized stocks, where dividends will be reinvested into additional fractions of the same securities.

user avatarAisha Farooq

Cryptocom Enhances Trading with Insilico Terminal Integration

Cryptocom has announced an integration with Insilico Terminal on October 6, allowing users to connect their Cryptocom Exchange accounts directly to Insilico's trading platform.

user avatarLi Weicheng

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.