Cardano

United

Bitcoin

Impact

Avalanche

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/crypto-markets-witness-historic-investment-outflows" rel="noopener noreferrer nofollow">Crypto Markets Witness Historic Investment Outflows</a><br></p>
<p style="text-align: justify">In a recent turn of events, cryptocurrency investment products have seen a massive outflow of funds. Following a period of substantial inflows totaling $12.3 billion over seven weeks, these products faced an unprecedented withdrawal of $942 million in the past week, setting a new high for outflows. Despite this, new ETFs in the United States experienced an inflow of $1.1 billion, failing to fully counterbalance the notable $2 billion exodus from Grayscale’s offerings.</p>
<h2 id="resilient-altcoin-investments">Resilient Altcoin Investments</h2>
<p style="text-align: justify">Contrastingly, altcoin-focused investment vehicles have fared better, recording net inflows amounting to $16 million. Leading the pack were Polkadot, with $5 million in inflows, followed by Avalanche (AVAX) and Litecoin, attracting $2.9 million and $2 million respectively.</p>
<p style="text-align: justify">While trading volumes in Exchange-Traded Products (ETPs) remained robust at $28 billion for the week, they showed a decline from the previous week’s figures. Despite the recent price dips, which erased $10 billion from the total assets under management (AuM), the current value still exceeded the peak of the previous cycle, staying above $88 billion.</p>
<h2 id="global-impact-and-market-trends">Global Impact and Market Trends</h2>
<p style="text-align: justify">The trend of outflows extended beyond the United States, with Sweden, Switzerland, Hong Kong, and Germany registering outflows of $37 million, $25 million, $35 million, and $4 million, respectively. In contrast, Brazil and Canada bucked the trend, welcoming inflows of $9 million and $8.4 million respectively.</p>
<p style="text-align: justify"><a href="https://en.bitcoinhaber.net/bitcoins-volatile-surge-a-premonition-of-a-potential-crash" rel="noopener noreferrer nofollow">Bitcoin</a> took the hardest hit, accounting for 96% of the total outflows. A staggering $904 million was withdrawn from Bitcoin investment products. Additionally, products betting against Bitcoin also experienced a modest outflow of $3.7 million. Other major cryptocurrencies such as <a href="https://en.bitcoinhaber.net/ethereum-surpasses-bitcoin-in-recent-market-surge" rel="noopener noreferrer nofollow">Ethereum</a>, <a href="https://en.bitcoinhaber.net/solanas-remarkable-surge-overtaking-binance-coin-and-attracting-big-investors" rel="noopener noreferrer nofollow">Solana</a>, and Cardano were not immune either, with outflows of $34 million, $5.6 million, and $3.7 million, respectively.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/crypto-markets-witness-historic-investment-outflows" rel="noopener noreferrer nofollow">Crypto Markets Witness Historic Investment Outflows</a></h5>

Crypto Markets Witness Historic Investment Outflows

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