Crypto Fund Flows: Millions Exit Bitcoin, But These Three Coins Hold Their Ground


18 Sep 2023 9:00 PM

Last week marked a significant trend as crypto funds including Bitcoin faced significant outflows, amplifying concerns among investors......

  • Crypto funds, including those holding Bitcoin, faced significant outflows, causing investor concerns.
  • Digital asset investment products experienced a decline for the fifth straight week, with outflows amounting to $53.5 million last week.
  • Bitcoin bore the brunt of the outflows, with roughly 85% stemming from Bitcoin funds, resulting in a decrease of $45 million.
  • Ethereum also saw outflows of $4.8 million, despite its appealing investment fundamentals and booming demand for staking yield.
  • The U.S. was the primary catalyst behind the negative sentiment, accounting for 77% of the outflows.
  • Solana, Cardano, and XRP saw inflows, offering optimism in an otherwise challenging market.
  • Trading volume increased by 42% from the previous week, indicating active participation in the crypto sphere.
  • Solana and Cardano have seen more profits than XRP in the past 24 hours.

The sentiment of the article is mostly negative, highlighting the significant outflows and challenges faced by crypto funds. However, there is a glimmer of optimism with the inflows seen in Solana, Cardano, and XRP, as well as the increased trading volume.

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You May Ask

What caused the significant outflows in crypto funds, including Bitcoin?Which assets saw inflows during this period of outflows?Which regions were most affected by the outflows?How did the trading volume in the crypto sphere change compared to the previous week?Which cryptocurrencies, among Solana, Cardano, and XRP, have seen more profits in the past 24 hours?

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