CoinShares: Crypto Funds Suffer Outflows for Sixth Consecutive Week
Main page News, Cryptocurrency
Hot topic
March 21, 2023

According to analysts at analytics platform CoinShares, fund outflows from crypto-based investment products between March 11 and 17 amounted to $95 million after recording a record $255 million the previous week.

Over the past five weeks, investors have withdrawn $406 million, equivalent to 1.2% of funds under management.

Subscribe to our Telegram channel to get daily short digests about events that shape the crypto world

Thanks to the positive market conditions, assets under management increased to the highest level since the collapse of cryptocurrency hedge fund Three Arrows Capital in June last year, $33 billion, a weekly increase of 26%.

Daily trading volume doubled to $2.6 billion.

The flow of withdrawal requests was still concentrated in Bitcoin-based products. The respective funds lost $113 million ($244 million a week ago). Structures that allow opening short positions in Bitcoin raised $34.7 million, compared to an outflow of $1.2 million in the previous reporting period.

Read also:
Please describe the error