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Most of the funds were withdrawn from bitcoin funds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
194
1 min
0
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 From Solana-based funds were withdrawn $1,4 million.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.
Useful material?
Incidents
Roger Ver has been accused of not paying taxes
May 1, 2024
Mining
After the publication of the financial report, the company’s shares added 5%
Apr 30, 2024
Market
The commission had previously warned the developer of potential enforcement actions
Apr 29, 2024
Market
Funds can be seized by law enforcers due to links to illegal activity
Apr 26, 2024
Market
Tether Finance division will be responsible for the issuance and redemption of USDT stablecoins
Apr 18, 2024
Trends
The first project introduced on the platform will be BounceBit (BB)
Apr 18, 2024