Outflow from crypto funds over the past 9 weeks reached $455 million

Crypto market news, investments in cryptocurrencies
Crypto market news, investments in cryptocurrencies

The outflow of funds from cryptocurrency investment products in the period from September 9 to 15 amounted to $54 million compared to $59 million a week earlier. These calculations were made by CoinShares analysts.

The negative trend lasted for the fifth week in a row.

Since the beginning of the year, net inflows of $51 million have been maintained.

Data: CoinShares.

Trading volumes increased by 42%, to almost $1 billion.

Bitcoin funds recorded an outflow of $45 million after $69 million in the previous reporting period.

From structures that allow opening shorts on the first cryptocurrency, investors withdrew $3.8 million (a week earlier they invested a record $15 million since March 2023).

Altcoin-based products showed mixed dynamics. In Ethereum funds, investors released $4.8 million, as in the previous week. From structures based on BNB and Polygon – $0.3 million each.

Products based on Solana, Cardano and XRP raised $0.7 million, $0.43 million and $0.13 million respectively.

Data: CoinShares.

Previously, BitMEX co-founder Arthur Hayes admitted a possible short-term departure of Bitcoin below $20,000 followed by a new bullish impulse. However, in September, he pointed to the positive prospects of the first cryptocurrency, contrary to politics Fed.

Recall that the founder of Edelman Financial Engines, Rick Edelman, predicted an increase in the price of digital gold to $150,000 by the summer of 2025.

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