CoinShares: weekly outflows from crypto funds amount to $8,7 million

Most of the funds were withdrawn from bitcoin funds

23.08.2022 - 09:30

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What’s new? Analysts at CoinShares have reported an outflow of funds from crypto funds, continuing for the second week in a row. The total amount from August 13 to 19 amounted to $8,7 million, a week earlier this figure was at $17 million.

Full stats on the CoinShares blog

What other data has been released? The largest outflow of funds ($15,3 million) was recorded in bitcoin funds. From Solana-based funds were withdrawn $1,4 million. Ethereum-based funds, on the other hand, attracted $2,9 million, and investment products based on other assets showed a slight increase. In this, crypto funds are on the plus side on a year-on-year basis, with a total inflow of $467 million from the same period in 2021.

Among the leaders in attracting investments for the week are 21Shares and CoinShares Physical with figures of $3,4 million and $1,9 million, respectively. Among the outsiders are such funds as ProShares and CoinShares XBT with figures of -$10,7 million and -$2,1 million.

Earlier, CoinShares reported that the July inflows of funds into crypto funds updated the maximum of 2022. In just a month, the funds raised a total of $474 million, the total sum of investments almost offset the June outflows of $481 million.

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