Weekly outflow of funds from crypto derivatives amounted to $21 million
At the same time, the volume of trades exceeded the average indicator of the previous year by 7 times
22.01.2024 - 14:55
700
2 min
0
What’s new? Crypto derivatives saw $21 million in outflows last week, with trading volume seven times higher than last year’s 7-day average of $11,8 billion. Regionally, the US saw inflows of $263 million, while Canada and Europe combined saw outflows of $297 million. It indicates a migration of assets to the US, where management fees for cryptocurrency-based exchange-traded products are now more competitive, analysts at investment firm CoinShares said.
What else is known? BTC-based products saw minor outflows of $25 million, while short positions in the asset saw inflows of $13 million, which analysts attributed to a decline in its value.
Ethereum and Solana-based products saw outflows of $14 million and $8,5 million, respectively. Blockchain companies saw $156 million flow into equities, bringing inflows to $767 million over the past nine weeks.
CoinShares also noted that issuers with higher management fees for spot BTC ETFs have seen $2,9 billion in outflows since such products were allowed into the market on January 11. This includes Grayscale’s GBTC with fees at 1,5% — the highest compared to the other 10 funds in the US market.
Inflow of funds into Fidelity’s spot BTC ETF is the second after BlackRock to cross the $1 billion mark
The daily trading volume of FBTC fund shares amounted to $367 million
Despite this, the total flow for the 11 BTC ETFs since launch remains positive: $4,13 billion.
Last week, bitcoin surpassed silver to become the second-largest commodity ETF in the United States.
Useful material?
Telegram 
Twitter Incidents
The company is linking the incident to a compromised private key on a service wallet, rather than a smart contract exploit
May 22, 2026
Incidents
Following the incident, the project temporarily halted trading operations and node activity.
May 15, 2026
Incidents
The user spent weeks unsuccessfully trying to guess the password until Claude helped find an old wallet backup file
May 14, 2026
Crypto regulations
Authorities are introducing mandatory registration for companies handling cross-border crypto transactions
May 8, 2026
Incidents
According to Blockaid, the attack may have been carried out by the same hacker behind the 1inch Fusion V1 exploit.
May 7, 2026
Incidents
The attacker gained administrative access and altered contracts to drain user funds
Apr 30, 2026
Cryptocurrency rates
-
Bitcoin
$65 065
BTC
-3.04%
-
Ethereum
$2 551.16
ETH
+3.56%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$1.21
XRP
-0.77%
-
Dogecoin
$0.092178
DOGE
-1.82%
-
TRON
$0.160134
TRX
-1.59%
-
Zcash
$620.34
ZEC
+4.43%
-
Cardano
$0.203656
ADA
-5.6%
-
Stellar XLM
$0.211004
XLM
-3.85%
-
Polkadot
$3.32
DOT
+5.27%