Crypto funds had a net outflow of $159 million: Altcoins received investment

Cryptocurrency funds closed last week with a net loss of $159 million. Bitcoin funds were at the top in outflows as well as inflows. While Ether funds also sold, altcoin funds closed the week largely positive.

Crypto funds had a net outflow of $159 million: Altcoins received investment

The weekly report of Coinshares, Europe’s largest digital asset management company, was published. The report showed that the net outflow in crypto funds was $159 million. The loss in Bitcoin was a net $147 million.

Solana at the top again

While there was an outflow of $29 million from Ether funds, it was seen that altcoin funds received investments. Solana was the leader in this sense and received a net investment of $5.3 million. XRP and ADA funds received $300 thousand each and Litecoin funds received a net investment of $900 thousand.

Short-Bitcoin inflows continue

Short-Bitcoin funds, which received an investment of $8.8 million in the previous week, closed this week positively with $2.8 million.

The most invested crypto-ETF product of the week was BlackRock’s iShares Bitcoin ETF with $135 million. BlackRock’s Ether ETF was the 3rd most invested fund with a net $55 million.

ARK Invest’s Bitcoin spot ETF was the worst performing fund of the week with net sales of $207 million.

Leave a Comment