Crypto Market: Outflows Exceed $6.4B Over Five Weeks

user avatar

by Giorgi Kostiuk

a year ago

According to the latest CoinShares report, cryptocurrency investment products continue to see significant investor withdrawals, marking the longest period since tracking began in 2015.

Bitcoin Outflows

Bitcoin investment products suffered the largest outflows, with $978 Million leaving BTC-focused funds last week. The five-week total outflow reached $5.4 Billion. Despite this, Bitcoin products maintain the largest position in the crypto investment sector, with $113.47 Billion in assets under management.

Regional Withdrawal Trends

The geographical distribution of crypto outflows shows a significant concentration. The United States accounted for the majority of the withdrawals, pulling $1.16 Billion from digital asset products last week, making up 93% of all outflows during this negative streak. Switzerland followed with $527.7 Million in outflows.

Ethereum and Other Altcoins

Ethereum experienced the second-largest outflows with $176 Million, maintaining $9.95 Billion in assets under management. Solana-focused products saw $2.2 Million in outflows, maintaining their position with $1.3 Billion in assets. Some altcoins, such as XRP, attracted positive investor interest, recording $1.8 Million in inflows.

Despite extensive outflows, certain cryptocurrency products and markets exhibit resilience. The CoinShares report highlights significant shifts and allocates trends on a global scale.

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

MEXC Launches 'Trading Takes Two' Campaign to Showcase AI Capabilities

MEXC is launching a month-long campaign titled 'Trading Takes Two' to showcase how MEXC AI supports users in their trading journey.

user avatarTenzin Dorje

HTX Research Highlights Risks in Stock-Linked Memecoins

HTX Research's report highlights the risks of stock-linked memecoins, focusing on misleading high APY figures and the importance of understanding market conditions.

user avatarBayarjavkhlan Ganbaatar

HTX Research Unveils Insights on Stock-Linked Memecoins

HTX Research has released a report on stock-linked memecoins, analyzing their market structure and growth potential.

user avatarMohamed Farouk

BAI Builds Closed-Loop Infrastructure for the Agent Economy

BAI is building a closed financial loop for the agent economy, integrating models and agents to facilitate seamless transactions.

user avatarDiego Alvarez

BAI Sets New Industry Record with 151 Trillion Tokens Daily Throughput

BAI has set a new industry record with a daily throughput of over 151 trillion tokens, marking a significant increase since its launch.

user avatarElias Mukuru

Justin Sun Prize Launched to Transform Scientific Research

The Justin Sun Prize has been established to redefine scientific rewards in the AI era, offering up to $1 million for breakthroughs in fundamental disciplines and machine formal verification.

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.