{"id":22487,"date":"2023-07-24T18:02:14","date_gmt":"2023-07-24T18:02:14","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/crypto-investment-products-saw-outflows-of-6-5m-last-week\/"},"modified":"2023-07-24T18:02:14","modified_gmt":"2023-07-24T18:02:14","slug":"crypto-investment-products-saw-outflows-of-6-5m-last-week","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/crypto-investment-products-saw-outflows-of-6-5m-last-week\/","title":{"rendered":"Crypto investment products saw outflows of $6.5M last week"},"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\/07\/1690218277439-c60f3a8b-6a09-469f-89a2-548fb634931b-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/07\/1690218277439-c60f3a8b-6a09-469f-89a2-548fb634931b-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/07\/1690218277439-c60f3a8b-6a09-469f-89a2-548fb634931b-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/07\/1690218277439-c60f3a8b-6a09-469f-89a2-548fb634931b-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li dir=\"ltr\">About $6.5 million flowed out of funds tracking different cryptocurrencies last week.<\/li>\n<li dir=\"ltr\">Bitcoin recorded $13 million in outflows, while Ethereum benefited from XRP-driven sentiment to record $6.6 million in inflows.<\/li>\n<li dir=\"ltr\">The minor outflows follow 4 consecutive weeks of inflows.<\/li>\n<\/ul>\n<p dir=\"ltr\">CoinShares\u2019 latest report on digital assets investment products suggests the industry saw minor outflows of $6.5 million over the past week. The outflows follow a consecutive four weeks of inflows that saw investors pour $742 million into different crypto investment products.<\/p>\n<p dir=\"ltr\">James Butterfill, Head of Research at CoinShares noted that while <a href=\"https:\/\/coinjournal.net\/bitcoin\/\">Bitcoin<\/a> recorded the most outflows, data showed sentiment towards Ethereum investment products looks to have flipped positive.<\/p>\n<h2 dir=\"ltr\">Ethereum and XRP record inflows<\/h2>\n<p dir=\"ltr\">As highlighted in a report published on Monday, funds tracking Bitcoin logged $13 million of outflows and short-bitcoin products recorded $5.5 million in outflows \u2013 its 13th consecutive week.\u00a0<\/p>\n<p dir=\"ltr\">Meanwhile, <a href=\"https:\/\/coinjournal.net\/ethereum\/\">Ethereum<\/a> products witnessed $6.6 million in inflows, with Butterfill noting that the shift in sentiment around ETH has coincided with the recent court ruling in the Ripple Labs versus US Securities and Exchange Commission (SEC).<\/p>\n<p dir=\"ltr\">US Judge Analisa Torres <a href=\"https:\/\/coinjournal.net\/news\/ripple-wins-sec-case-xrp-not-a-security\/\">delivered<\/a> a partial win for <a href=\"https:\/\/coinjournal.net\/news\/tag\/ripple\/\">Ripple<\/a> in its battle with the SEC when she ruled that XRP was not a security as sold on exchanges.<\/p>\n<p dir=\"ltr\">The price of XRP shot up following the ruling, rising more than 100% to hit highs near the much-coveted $1 level. But while XRP failed to break to the psychological 100 cents mark, it appears investor confidence in the cryptocurrency greatly benefited it.<\/p>\n<p dir=\"ltr\">\u201c<em>XRP, both prior to, and following the conclusion of the recent SEC lawsuit, has seen inflows totalling US$6.8m over the last 11 weeks representing 8% of AuM. This implies investors are increasingly confident in the outlook for XRP<\/em>,\u201d Butterfill <a href=\"https:\/\/blog.coinshares.com\/volume-141-digital-asset-fund-flows-weekly-report-38255b443eae\" rel=\"noopener noreferrer\" target=\"_blank\">wrote<\/a>.<\/p>\n<p dir=\"ltr\">The positive sentiment was also replicated in Solana, Uniswap and Polygon that registered inflows of $1.1 million, $0.7 million and $0.7 million respectively.<\/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\/crypto-investment-products-saw-minor-outflows-of-6-5m-last-week-coinshares\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) About $6.5 million flowed out of funds tracking different cryptocurrencies last week. Bitcoin recorded $13 million in outflows, while Ethereum benefited from XRP-driven sentiment to record $6.6 million in inflows. The minor outflows follow 4 consecutive weeks of inflows. CoinShares\u2019 latest report on [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":22488,"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\/22487"}],"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=22487"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/22487\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/22488"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=22487"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=22487"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=22487"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}