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 <p class="is-style-lead">Digital asset investment products saw significant outflows last week, totalling $500 million.</p>
 <p>Analytics company CoinShares presented a report on the flow of <a rel="noopener noreferrer nofollow" title="funds" href="https://thebittimes.com/tag/funds.html">funds</a> in investment products based on <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currencies from Jan. 20 to Jan. 26, 2024. According to available information, Grayscale Investments’ spot Bitcoin (BTC) ETF played a central role in the report. Over the week, the <a rel="noopener noreferrer nofollow" title="outflow" href="https://thebittimes.com/tag/outflow.html">outflow</a> of <a rel="noopener noreferrer nofollow" title="funds" href="https://thebittimes.com/tag/funds.html">funds</a> from the <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> fund exceeded $2.2 billion. At the same time, the total amount of withdrawn assets crossed the $5 billion mark.</p>
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   <source type="image/webp" srcset="https://cdn.thebittimes.com/images/2024/01/29/c41692244696b9eca4a66c8756449976.webp.webp">
   <img decoding="async" width="1024" height="995" src="https://cdn.thebittimes.com/images/2024/01/29/c41692244696b9eca4a66c8756449976.webp" alt="Asset outflows from crypto funds reach $500m in the last week - 1"> 
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   Source: CoinShares
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 <p>At the same time, the investment product of financial giant BlackRock continues to receive significant infusions, analysts say. Over the past week, the influx of <a rel="noopener noreferrer nofollow" title="funds" href="https://thebittimes.com/tag/funds.html">funds</a> amounted to $744 million. In second place in this indicator is the <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> fund of Fidelity Investments, which received financial injections of $643 million.</p>
 <p>In total, spot Bitcoin ETFs recorded an inflow of $1.84 billion. Moreover, since their launch on January 11, 2024, crypto funds have received infusions of $5.94 billion.</p>
 <p>At the regional level, the main <a rel="noopener noreferrer nofollow" title="outflow" href="https://thebittimes.com/tag/outflow.html">outflow</a> occurred in the USA ($409 million), Switzerland ($60 million) and Germany ($32 million). A net inflow of assets was observed only in Brazil – $10.3 million and in France – $100,000.</p>
 <p>Analysts note that due to spot Bitcoin ETFs, the main movement of funds during this period was associated with the first cryptocurrency. This asset accounts for an outflow of $479 million. At the same time, the inflow from short Bitcoin positions amounted to $10.6 million.</p>
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 <p>At the same time, Ethereum (ETH)-based exchange products saw an outflow of $39 million. Most crypto funds based on other altcoins also lost funds in varying amounts.</p>
 <p>Last week, CoinShares analysts said that capital inflows into cryptoy investment products totaled $21 million, with issuers with higher fees suffering since the launch of spot Bitcoin ETFs in the United States on Jan. 10, 2024. Thus, the outflow of funds from such funds amounted to $2.9 billion. $4 billion were invested in the new instrument.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/asset-outflows-from-crypto-funds-reach-500m-in-the-last-week-tbt78107.html">https://thebittimes.com/asset-outflows-from-crypto-funds-reach-500m-in-the-last-week-tbt78107.html</a></p>

Asset outflows from crypto funds reach $500m in the last week

TheBitTimes

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