Analysts record first exit from crypto funds in the past seven weeks
August 15, 2022
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According to CoinShares analysts, in the period from August 6 to 12, fund inflows into crypto investment products amounted to $ 17 million. “Whether this is a meaningful
According to CoinShares analysts, in the period from August 6 to 12, fund inflows into crypto investment products amounted to $ 17 million.
“Whether this is a meaningful change in emotion is difficult to determine. […] The exit was accompanied by lower trading volume and price recovery. This may reflect a small wave of profit taking.” experts noted.
Data: CoinShares.
An outflow of $ 20.9 million was observed in traditional bitcoin funds, in structures that allow you to short the first cryptocurrency, the flow of client funds ($ 2.6 million) was recorded.
Receipts on Ethereum-based products ($0.1 million) actually stopped after seven weeks. Investors invested a total of $3.9 million in instruments based on other altcoins during the week.
Data: CoinShares.
Recall that Grayscale analysts allowed the completion of the crypto winter by the end of March 2023.
Earlier, Meltem Demirors, Director of Strategy at CoinShares, predicted that Bitcoin would hit an all-time high in the next 24 months.
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