Amid discussions about the Bybit hack and the stolen $1.4 billion in Ethereum, Coinshares releases a weekly report highlighting a $508 million outflow from crypto funds.
Coinshares General Report
Coinshares reports a total outflow of $508 million from cryptocurrency investment products last week. This was due to investors' caution following the U.S. Presidential inauguration and uncertainties around trade tariffs, inflation, and monetary policy.
Bitcoin and Altcoins Status
Most of the outflows were focused on Bitcoin, which saw an outflow of $571 million, while Ethereum experienced a small inflow of $3.7 million. Meanwhile, altcoins like XRP and Solana showed positive trends, attracting $38.5 million and $9 million respectively.
Regional Trends in Fund Flows
The United States led the outflows with a total of $560 million. Meanwhile, Germany and Switzerland saw positive fund inflows, totaling $30.5 million and $15.8 million respectively.
The crypto market remains dynamic, with significant inflows and outflows, indicating high volatility and constant shifts in investor sentiment.
