{"id":25871,"date":"2024-01-29T12:10:43","date_gmt":"2024-01-29T12:10:43","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/crypto-investment-products-saw-500m-in-outflows-last-week-coinshares\/"},"modified":"2024-01-29T12:10:43","modified_gmt":"2024-01-29T12:10:43","slug":"crypto-investment-products-saw-500m-in-outflows-last-week-coinshares","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/crypto-investment-products-saw-500m-in-outflows-last-week-coinshares\/","title":{"rendered":"Crypto investment products saw $500M in outflows last week: CoinShares"},"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\/2024\/01\/1706529045668-0d4d5d6e-bf55-428b-8799-31e12353b778-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/01\/1706529045668-0d4d5d6e-bf55-428b-8799-31e12353b778-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/01\/1706529045668-0d4d5d6e-bf55-428b-8799-31e12353b778-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/01\/1706529045668-0d4d5d6e-bf55-428b-8799-31e12353b778-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li dir=\"ltr\">Crypto investment products saw an outflow of $500 million last week.<\/li>\n<li dir=\"ltr\">Bitcoin saw the most outflows with $479 million, while Ethereum recorded $39 million in outflows.<\/li>\n<li dir=\"ltr\">CoinShares\u2019 weekly report shows most of the outflows were in the US, where Grayscale\u2019s ETF witnessed over $2.2 billion in outflows.<\/li>\n<\/ul>\n<p dir=\"ltr\">Digital asset investment products saw a significant spike in outflows lask week, according to digital assets investment firm CoinShares.<\/p>\n<p dir=\"ltr\">CoinShares\u2019s latest <a href=\"https:\/\/blog.coinshares.com\/volume-167-digital-asset-fund-flows-weekly-report-250dd83e8c2f\" rel=\"noopener noreferrer\" target=\"_blank\">weekly report<\/a> shows the crypto investment products market saw outflows totalling $500 million..<\/p>\n<h2 dir=\"ltr\">Bitcoin saw $479 million in outflows<\/h2>\n<p dir=\"ltr\">According to the asset manager, the global outflows from crypto investment products reached $409 million in the US, $60 million in Switzerland and $32 million in Germany \u2013 the three regions with the highest outflows for the week ending January 26.<\/p>\n<p dir=\"ltr\">\u201c<em>Bitcoin has understandably been the primary focus, seeing US$479m outflows, while short-bitcoin saw further inflows totalling US$10.6m. Altcoins predominantly saw outflows last week, with Ethereum seeing US$39m, and Polkadot and Chainlink seeing US$0.7m and US$0.6m respectively<\/em>,\u201d James Butterfill, the Head of Research at CoinShares wrote in a blog published Monday.<\/p>\n<p dir=\"ltr\">Buttefill notes that outflows from <a href=\"https:\/\/coinjournal.net\/news\/tag\/grayscale\/\">Grayscale<\/a>\u2019s GBTC ETF, which reached $5 billion since the ETF started trading on January 11, may have contributed to overall outflows across other regions.<\/p>\n<p dir=\"ltr\">The outlook also contributed to the recent declines for <a href=\"https:\/\/coinjournal.net\/bitcoin\/\">Bitcoin price<\/a>, which traded to lows of $38,600 as GBTC saw over $2.2 billion in outflows last week. However, net inflows for the recently approved US ETFs was $807 million.<\/p>\n<p dir=\"ltr\">\u201cWe believe that much of the price falls, despite these positive flows, was due to Bitcoin seed capital being acquired prior to 11th January,\u201d Butterfill added.<\/p>\n<p dir=\"ltr\">Bitcoin traded around $42,320 on Monday morning (6:20 am ET), up 4% in the past week. BTC was looking to extend the gains after recovering from last week\u2019s dip below the psychological level at $40k.<\/p>\n<p dir=\"ltr\">Meanwhile, Ethereum price was hovering near $2,275, down 4.3% in the past week.<\/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-500m-in-outflows-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 ) Crypto investment products saw an outflow of $500 million last week. Bitcoin saw the most outflows with $479 million, while Ethereum recorded $39 million in outflows. CoinShares\u2019 weekly report shows most of the outflows were in the US, where Grayscale\u2019s ETF witnessed over [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":25872,"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\/25871"}],"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=25871"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/25871\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/25872"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=25871"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=25871"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=25871"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}