{"id":21134,"date":"2023-05-23T00:34:54","date_gmt":"2023-05-23T00:34:54","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/litecoin-and-avalanche-see-inflows-but-bitcoin-outflows-rise\/"},"modified":"2023-05-23T00:34:54","modified_gmt":"2023-05-23T00:34:54","slug":"litecoin-and-avalanche-see-inflows-but-bitcoin-outflows-rise","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/litecoin-and-avalanche-see-inflows-but-bitcoin-outflows-rise\/","title":{"rendered":"Litecoin and Avalanche see inflows but Bitcoin outflows rise"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/05\/1684797031169-96480860-2363-4824-93bf-9c639e190a4f-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/05\/1684797031169-96480860-2363-4824-93bf-9c639e190a4f-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/05\/1684797031169-96480860-2363-4824-93bf-9c639e190a4f-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/05\/1684797031169-96480860-2363-4824-93bf-9c639e190a4f-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li dir=\"ltr\">Litecoin, Avalanche see inflows even as crypto outflows hit 5th consecutive week<\/li>\n<li dir=\"ltr\">Bitcoin represented most of the negative sentiment with $33 million worth of outflows.<\/li>\n<li dir=\"ltr\">Germany lead in terms of regions with 73% of the total outflows.<\/li>\n<\/ul>\n<p dir=\"ltr\"><a href=\"https:\/\/coinjournal.net\/litecoin\/\">Litecoin<\/a> and <a href=\"https:\/\/coinjournal.net\/avalanche\/\" rel=\"noopener noreferrer\" target=\"_blank\">Avalanche<\/a> recorded some investment products inflows last week, defying sentiment across the broader crypto investment products market.<\/p>\n<p dir=\"ltr\">Indeed, the inflows into exchange traded funds and other products for LTC and AVAX mirrored a broader outlook for altcoins \u2013 except for Ethereum which recorded $1 million in outflows. <a href=\"https:\/\/coinjournal.net\/news\/tag\/avalanche\/\">Avalanche<\/a> and Litecoin saw $0.7 million and $0.3 million respectively.<\/p>\n<p dir=\"ltr\">Elsewhere, Blockchain equity ETFs accounted for minor outflows of $2 million to see the second consecutive week of negativity.<\/p>\n<h2 dir=\"ltr\">Bitcoin sees $33 million in outflows<\/h2>\n<p dir=\"ltr\">According to <a href=\"https:\/\/blog.coinshares.com\/volume-132-digital-asset-fund-flows-weekly-report-6877d104bbeb\" rel=\"noopener noreferrer\" target=\"_blank\">data<\/a> from digital assets manager CoinShares, digital asset investment products saw outflows totaling $32 million for the week ending May 19. This represented the fifth consecutive week of outflows, with the total outflows over the past five weeks rising to $232 million, or 0.7% of total assets under management.<\/p>\n<p dir=\"ltr\">Volumes for the week were also down, totaling $900 million, or roughly 40% below 2023 average. Data shows volumes for the broader market across the leading trusted exchanges fell to their lowest level of $20 billion last week. It is the worst week in terms of volume since late-2020. As CoinJournal reported <a href=\"https:\/\/coinjournal.net\/news\/bitcoin-and-ethereum-volumes-dry-up-amid-price-struggles\/\">here<\/a>, crypto volumes have dried up in recent months as prices struggled with sell-off fears.<\/p>\n<p dir=\"ltr\">The outflows in <a href=\"https:\/\/coinjournal.net\/bitcoin\/\">Bitcoin<\/a> of $33 million represented most of the negative sentiment, CoinShares data showed. This has been the trend over the last five weeks and was also replicated across short-bitcoin products.<\/p>\n<p dir=\"ltr\">Per CoinShares, short bitcoin products saw minor outflows of $1.3 million for the week. The total outflows for short BTC investment products now total $235 million for the last five weeks.<\/p>\n<h2 dir=\"ltr\">Germany dominated last week\u2019s outflows<\/h2>\n<p dir=\"ltr\">Regionally, Germany dominated the outflows, totaling $24 million, accounting for 73% of total weekly outflows. The US and Switzerland followed with $5 million and $3.3 million respectively. Meanwhile, Brazil and Canada saw minor inflows of $1.3 million and $2.2 million.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/investors-eye-litecoin-and-avalanche-as-bitcoin-leads-outflows\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) Litecoin, Avalanche see inflows even as crypto outflows hit 5th consecutive week Bitcoin represented most of the negative sentiment with $33 million worth of outflows. Germany lead in terms of regions with 73% of the total outflows. Litecoin and Avalanche recorded some investment [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":21135,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/21134"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=21134"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/21134\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/21135"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=21134"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=21134"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=21134"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}