Cryptocurrency funds continue to see sales as it is certain that the Fed will not raise interest rates at its meeting on May 1. Funds had a net outflow of $206 million last week.

6th consecutive loss from Ether funds

According to Coinshares’ weekly report, the biggest share was, as always, Bitcoin. There was an outflow of $192 million from Bitcoin funds. Ethereum funds closed the 6th week in a row with losses. Ether funds ended the week $34 million negative.

3 important investments in altcoins…

Despite the big outflows in Bitcoin and Ether, some altcoins continued to see the kind of investment seen last week. Litecoin funds received a net $3.2 million. The figure for LTC funds since the beginning of the month was $9.2 million. Polkadot funds received $1.5 million, bringing the total investment since the beginning of the month to $2.9 million. The surprise of the week came from Chainlink funds. LINK funds received an investment of $1.7 million.

Grayscale finally lowered its transaction fee

Grayscale closed the week with a net loss of $450 million. The company, which could not prevent the exits, recently announced that the transaction fee in the Mini Bitcoin Fund would be 0.15%. Although the transaction fee in the GBTC fund has not decreased, the company announced that it will allocate 10% of the GBTC fund to the mini fund. Experts say that Grayscale’s move is a remedy to the unstoppable fund outflows for months.

BlackRock and Fidelity closed last week up $165 million and $94 million, respectively, and extinguished some of the outflows from ETFs.

Net outflows in US ETFs were $244 million on a weekly basis.