According to CoinShares analysts, the outflow of funds from crypto-based investment products between October 15 and 21 amounted to $5 million compared to the inflow of $12 million recorded during the previous week.
According to them, the trading volume has fallen to its lowest level since October 2020 ($758 million). By way of comparison, a year ago, the average was $7 billion.
Subscribe to our Telegram channel to get daily short digests about events that shape the crypto world
Traditional Bitcoin funds have recorded an inflow of $4.6 million versus $8.8 million a week ago.
In total, $7.1 million has been withdrawn from structures that allow opening short positions in BTC after recording an inflow of $6.7 million during the previous reporting period.
As for Ethereum, outflows amounted to $2.5 million compared to $3.9 million in the previous week.
Of the products based on other altcoins, XRP with $0.8 million has become the leader in inflow and Cardano with $0.3 million in outflow.