Crypto investment outflows reach 3-week streak with $435m

CoinMarketCap04-29

As Bitcoin fell more than 5% last week, crypto investors continued capital withdrawals from virtual asset vehicles like spot exchange-traded funds. According to CoinShares, outflows from digital ...

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According to CoinShares, outflows from digi","collect":0,"end_time":0,"defaultTopTitle":"coinmarketcap.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4129":"建筑与工程","BK4225":"医疗保健房地产信托","SOL":"EMEREN GROUP","BK4519":"光伏太阳能","BK4585":"ETF&股票定投概念","LTC":"LTC房产","BK4157":"电子设备和仪器","LINK":"Interlink Electrs Inc","BK4550":"红杉资本持仓","BTC":"ClearShares Piton Intermediate Fixed Income ETF","BK4203":"医疗保健房地产投资信托","BK4588":"碎股","FDN":"First Trust Dow Jones Internet I"},"translate_title":"加密投资外流连续3周达到4.35亿美元","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SOL":1,"LTC":1,"LINK":1,"BTC":1,"FDN":0.9},"content_text":"As Bitcoin fell more than 5% last week, crypto investors continued capital withdrawals from virtual asset vehicles like spot exchange-traded funds. \nAccording to CoinShares, outflows from digital asset investment products amounted to $435 million, coinciding with a 6% drop in ETF trading volume. Activity reduced from over $18 billion two weeks ago to $11.8 billion last week. \nBitcoin (BTC) and Ethereum (ETH) comprised the lion’s share of exits, with $423 million and $38 million, respectively. The bulk of this pattern, primarily found in BTC, was recorded in the U.S. and mostly domiciled in Grayscale’s converted GBTC ETF.\n\n\n\n\n\n  BTC weekly chart | Source: CoinMarketCap\n \n\nYou might also like:  As Bitcoin outpaces fiat, what’s next for global finance? \nGrayscale’s spot Bitcoin ETF lost $440 million in outflows. While this made up the smallest GBTC withdrawals weekly since March, inflows into new spot BTC ETFs also declined. As Bitcoin prices stalled, only $126 million in cumulative capital flowed into 10 new spot BTC ETFs offered by firms like BlackRock and Fidelity. \nAs Ethereum outflows correlated with BTC sentiment, crypto altcoin products garnered investments from asset managers and investors. \n\n“A broad range of altcoins saw inflows, with investors choosing multi-coin investment products coupled with regular favorites Solana, Litecoin, and Chainlink.” CoinShares analysts\n\nOver $9 million followed into these altcoin investment products, and Solana (SOL) took the lead with $4 million in inflows. Litecoin (LTC) followed with $3 million, and Chainlink (LINK) attracted $2.8 million. \nRead more:  RFK Jr.’s blockchain idea, Ethereum ETF approval in question, Bitcoin’s unlikely bull run | Weekly Recap","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2431894647"}