From 13 to 19 August, fund outflows from crypto investment products reached $9 million, compared to $17 million a week ago. Such predictions were given by CoinShares analysts.

Trading volume ($1 billion) was the second lowest this year, 55% below average.

An outflow of $ 15 million was observed in traditional bitcoin funds, in structures that allow you to short the first cryptocurrency, an inflow of funds ($ 0.2 million) was recorded.

Receipts on Ethereum-based products ($3 million) continued for nine consecutive weeks at barely a minimum pace. Despite the increased interest ahead of the Merger on September 15-16, Ethereum funds have seen an outflow of $296.8 million since the beginning of the year.

In total, investors invested $2.7 million in altcoin basket-based funds during the week. Solona-based funds stood out among individual instruments (-$1.4 million).

Recall that Galaxy Digital CEO Mike Novogratz predicted that the price of bitcoin would stay in the $20,000-30,000 range.

Earlier, Peter Schiff, head of Euro Pacific Capital, was skeptical that digital gold would reach new heights. According to him, the first cryptocurrency is more likely to continue falling below $10,000 and below.

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