Crypto funds saw $435 million in outflows last week

Cryptocurrency investment products closed last week with losses. While funds saw a net outflow of $435 million, altcoin inflows also attracted attention. Solana, Chainlink, Filecoin and Litecoin inflows increased as in previous weeks.

Crypto funds saw $435 million in outflows last week

Crypto investment products closed the week with a net outflow of $435 million. Thus, the products suffered losses for the third week in a row. Bitcoin funds had a net outflow of $422 million and Ether funds had a net outflow of $38 million.

Inflows continue in altcoin funds

While the outflows in the funds were limited to Bitcoin and Ether, investments in various altcoins did not go unnoticed. Filecoin and Chainlink funds, which have received surprise investments in the past weeks, have received 1.1 and 2.75 million dollars respectively. Litecoin and Solana funds received investments of $3.1 and $4.1 million, respectively. It was also noteworthy that Fantom and Stacks funds received $700,000 each.

BlackRock at the top of ETFs again

In US ETFs, the summit remained unchanged, although investments decreased. BlackRock’s iShares fund ended the week with $57 million, while ARK Invest’s ETF closed the week with $34 million. Fidelity remained at $19 million.

Grayscale outflows amounted to a net $440 million and exceeded $2.3 billion since the beginning of the month.

In terms of countries, the highest outflow was from the US with $388 million. Outflows from Canada and Germany amounted to $32 million and $16 million, as well.

Leave a Comment