The outflow of funds from crypto funds continued for the sixth week in a row

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 16 to 22 amounted to $9 million compared to $54 million a week earlier. These calculations were made by CoinShares analysts.

Trading volumes were $820 million below the year-to-date average ($1.3 billion).

Data: CoinShares.

Bitcoin funds recorded an outflow of $6 million after $45 million in the previous reporting period.

From structures that allow opening shorts on the first cryptocurrency, investors withdrew $2.8 million (a week earlier $3.8 million).

Altcoin-based products showed mixed dynamics. In Ethereum funds, investors released $2.2 million, in the previous week – $4.8 million. From structures based on BNB and Polygon – $0.3 million each.

Products based on Solana and XRP raised $0.66 million and $0.31 million, respectively.

Data: CoinShares.

Earlier, IntoTheBlock specialists drew attention to the zeroing of the correlation between Bitcoin and the US dollar.

Let us remind you that BitMEX co-founder Arthur Hayes admitted a possible short-term drop in the price of the first cryptocurrency below $20,000 followed by a new bullish impulse. However, in September, he pointed to the positive outlook for digital gold despite politics Fed.

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