Decentraland

Solana

Read

Geopolitical tension and a crypto market lull spurred caution among investors, leading to outflows from investment vehicles last week.&nbsp; 
CoinShares reported $126 million in outflows from digital asset investment products. Bitcoin (<a href="https://crypto.news/price/bitcoin/" target="_blank" rel="">BTC</a>) declined more than 8% in the past seven days, falling as low as $61,000 on some crypto exchanges, per CoinMarketCap.&nbsp; 
Short BTC investors betting on lower prices injected $1.7 million in products and positions to capitalize on a declining market. 
Despite outflows, Bitcoin products like spot ETFs sustained inflows of over $555 million month-to-date. General digital asset investment trading volume also experienced an uptick to $21 billion week-on-week, up from $17 billion last week.&nbsp; 
However, ETF volumes retraced to 31% of total volume across approved exchanges due to a pullback in investor confidence. The pattern was predominant in the U.S., and this region recorded the largest outflows amounting to $145 million.&nbsp; 
<figure class="wp-block-image size-full">
 <picture loading="lazy" decoding="async" class="wp-image-14265643"> 
 <source type="image/webp" srcset="https://crypto.news/app/uploads/2024/04/Screenshot-381.png.webp"> 
 <img loading="lazy" decoding="async" width="1008" height="594" src="https://crypto.news/app/uploads/2024/04/Screenshot-381.png" alt="CoinShares: Investors withdraw $126m as crypto confidence wanes - 24"> 
 </picture> 
 <figcaption class="wp-element-caption">
 Regional digital asset investment product outflows | Source: <a href="https://blog.coinshares.com/volume-178-digital-asset-fund-flows-weekly-report-02e978e7d82e" target="_blank" rel="">CoinShare</a>
 </figcaption>
</figure> 
 You might also like: <a href="https://crypto.news/bitcoin-crypto-investment-inflows-record/" rel=""> CoinShares: Bitcoin drives crypto investment inflows to $13.8b record </a> 
<h2 class="wp-block-heading" id="crypto-altcoins-capture-minor-capital-but-not-ethereum">Crypto altcoins capture minor capital, but not Ethereum</h2> 
While some long-standing altcoin products appealed to investors, Ethereum (<a href="https://crypto.news/price/ethereum/" target="_blank" rel="">ETH</a>) fell out of favor for the fifth consecutive week. Ether investment products saw outflows totaling $29 million. The token also marked an 11% downswing amid a widespread market correction in the past week. 
Solana (<a href="https://crypto.news/price/solana/" target="_blank" rel="">SOL</a>), once hailed as a so-called ‘Ethereum-killer,’ recorded outflows of $3.6 million. Meanwhile, other products underpinned by veteran virtual assets like Decentraland (<a href="https://crypto.news/price/decentraland/" target="_blank" rel="">MANA</a>), Basic Attention Token, and Lido captured inflows worth $4.9 million, $2.9 million, and $1.8 million, respectively.&nbsp; 
Although markets logged price stagnation and broad retraces across several assets, this week has seen a rebound in positive activity, as <a href="https://www.coingecko.com/" target="_blank" rel="">CoinGecko</a> said the total crypto market cap jumped 3.6% in the last 24 hours.&nbsp; 
<figure class="wp-block-image size-large">
 <picture loading="lazy" decoding="async" class="wp-image-14265644"> 
 <source type="image/webp" srcset="https://crypto.news/app/uploads/2024/04/Screenshot-383-1024x846.png.webp"> 
 <img loading="lazy" decoding="async" width="1024" height="846" src="https://crypto.news/app/uploads/2024/04/Screenshot-383-1024x846.png" alt="CoinShares: Investors withdraw $126m as crypto confidence wanes - 25"> 
 </picture> 
 <figcaption class="wp-element-caption">
 Crypto market rebound on April 15 | Source: CoinGecko
 </figcaption>
</figure> 
 Read more: <a href="https://crypto.news/bitcoin-miners-could-liquidate-5b-in-btc-post-halving/" rel=""> Bitcoin miners could liquidate $5b in BTC post-halving </a>

CoinShares: Investors withdraw $126m as crypto confidence wanes

Table of Contents

crypto.news

Other articles published on Apr 15, 2024

Avalanche's Price Increased More Than 4% Within 24 hours

Skale Network Price Prediction for Today, April 15 – SKL Technical Analysis

As TRON stabilizes, Polygon and Koala Coin surge forward

What Will Be the Impact of the Approval of Bitcoin and Ethereum Spot ETFs in Hong Kong? How Will ...

XRP faces uncertain future as whales shift focus to Celestia and InQubeta

Solana Releases Update To Alleviate The Ongoing Network Congestion

Join our free newsletter for daily crypto updates!