Home » Business » CoinShares Weekly Report: Outflows from Digital Asset Funds Decrease, Selective Investment Trend in Altcoin Sector

CoinShares Weekly Report: Outflows from Digital Asset Funds Decrease, Selective Investment Trend in Altcoin Sector

[뉴욕 = 장도선 특파원] CoinShares said in its weekly report on the 25th (local time) that funds were flowing out of digital asset funds for the sixth week in a row last week, but the amount of outflow has decreased.

As of September 22, net outflows from all cryptocurrency funds during the previous week were recorded at $9.1 million. This is a significant decrease compared to the $53.5 million outflow the previous week.

Trading volume during this period was $820 million, which was low compared to this year’s average weekly trading volume of $1.3 billion. Trading in cryptocurrency funds, like the entire digital asset market, continues to be sluggish.

By asset, $5.9 million and $2.2 million were withdrawn from Bitcoin and Ethereum funds, respectively. A short bitcoin fund that bets on a decline in bitcoin also experienced a net outflow of $2.8 million.

In comparison, Solana and XRP funds received inflows of $300,000 and $700,000, respectively. CoinShares analyzed that a selective investment trend appears to have appeared in the altcoin sector in relation to the inflow of funds into the Solawa and XRP funds following the previous week.

Breaking news through Block Media Telegram (click)

[뉴욕 코인시황/출발] Overall downward trend… Interested in whether Bitcoin $26K will be defended?

2023-09-25 13:10:00
#Digital #asset #fund #outflows #weeks #row.. #XRP #Solana #inflow #block #media

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.