Ethereum

Cardano

Solana

Polkadot

Avalanche

The outflow from crypto investment products from March 16 to 22 reached $942 million after the maximum historical inflow of $2.92 billion. 
<a href="https://blog.coinshares.com/volume-175-digital-asset-fund-flows-weekly-report-6af2a10c0b30" target="_blank" rel="noreferrer noopener">CoinShares</a> experts note that previously, positive dynamics were observed for seven weeks. During this period, inflows into instruments amounted to $12.3 billion. Trade turnover amounted to $28 billion after a record $43 billion the previous week. 
<figure class="wp-block-image size-large">
 <img loading="lazy" decoding="async" width="1024" height="993" src="https://crypto.news/app/uploads/2024/03/Screenshot-2024-03-25-at-16.16.35-1024x993.png" alt="Crypto products see record outflow of $942m, breaking 7 week influx trend - 15" class="wp-image-14260908">
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 Source: <a href="https://blog.coinshares.com/volume-175-digital-asset-fund-flows-weekly-report-6af2a10c0b30" target="_blank" rel="noreferrer noopener">CoinShares</a>
 </figcaption>
</figure> 
The main driver of the negative dynamics was outflows from <a href="https://crypto.news/tag/GBTC/" target="_blank" rel="noreferrer noopener">GBTC</a> from <a href="https://crypto.news/tag/Grayscale/" target="_blank" rel="noreferrer noopener">Grayscale</a> for $2 billion. They exceeded net inflows to its competitors ($1.1 billion). As a result, market participants withdrew a record $904 million from Bitcoin (<a href="https://crypto.news/price/bitcoin/" target="_blank" rel="noreferrer noopener">BTC</a>) related instruments after the highest-ever receipts of $2.86 billion a week earlier. 
Combined with a rollback in quotes, the volume of digital assets under management decreased by $10 billion to $88.2 billion. A week earlier, the metric immediately exceeded $100 billion. From structures that allow opening short positions on BTC, clients took $3.7 million after the maximum investment since the beginning of the year of $26 million in the previous seven days. 
In Ethereum (<a href="https://crypto.news/price/Ethereum/" target="_blank" rel="noreferrer noopener">ETH</a>) funds, the outflow increased from $13.9 million to $34.2 million. Investors withdrew $5.6 million and $3.7 million from instruments based on Solana (<a href="https://crypto.news/price/Solana/" target="_blank" rel="noreferrer noopener">SOL</a>) and Cardano (<a href="https://crypto.news/price/Cardano/" target="_blank" rel="noreferrer noopener">ADA</a>), respectively. Products based on Polkadot (<a href="https://crypto.news/price/Polkadot/" target="_blank" rel="noreferrer noopener">DOT</a>), Avalanche (<a href="https://crypto.news/price/Avalanche/" target="_blank" rel="noreferrer noopener">AVA</a>), and Litecoin (<a href="https://crypto.news/price/Litecoin/" target="_blank" rel="noreferrer noopener">LTC</a>) recorded inflows of $5 million, $2.9 million, and $2 million, respectively. 
Noteworthy, a week earlier, inflows in cryptocurrency investment products <a href="https://crypto.news/crypto-fund-inflows-hit-new-record-reaching-2-9b-in-week/" target="_blank" rel="noreferrer noopener">amounted</a> to $2.92 billion after $2.69 billion in the previous reporting period. Thus, the inflow since the beginning of the year reached $13.2 billion. For comparison, for the entire 2021 the figure was $10.6 billion. 
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Crypto products see record outflow of $942m, breaking 7 week influx trend

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