Cardano

Litecoin

Bitcoin

Polkadot

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/record-outflows-hit-crypto-investment-products/" data-wpel-link="internal">Record Outflows Hit Crypto Investment Products</a><br></p>
<p style="text-align: justify"><strong><a href="https://en.coin-turk.com/grayscales-victory-increases-the-chance-of-sec-approving-bitcoin-etf/" data-wpel-link="internal">Crypto</a></strong> asset investment products, after a record seven-week inflow totaling $12.3 billion, experienced an outflow of $942 million last week. This outflow figure is also a record. New ETF issuers in the USA saw an inflow of $1.1 billion. However, this partially offset the significant $2 billion outflow from Grayscale last week. Let’s look at the details.</p> 
<h2 style="text-align: justify" id="altcoin-focused-crypto-investment-products">Altcoin-Focused Crypto Investment Products</h2> 
<p style="text-align: justify">The rest of the altcoin space performed well, witnessing a net inflow of $16 million. The products with the highest inflows in this area were Polkadot with $5 million, <strong><a href="https://en.coin-turk.com/the-troubled-state-of-avalanche-avax-investors-struggling-with-losses/" data-wpel-link="internal">Avalanche</a> (AVAX)</strong> with $2.9 million, and Litecoin with $2 million.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-332829 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/03/kurumsal-coin-turk-com-.webp" alt="" width="828" height="1658"></p> 
<p style="text-align: justify">Trading volumes in ETPs, although high at $28 billion weekly, were about two-thirds of the previous week. The recent price correction wiped $10 billion from the total assets under management (AuM), but it remained above the previous cycle’s peak at $88 billion.</p> 
<p style="text-align: justify">The outflows were not limited to the US. Sweden, Switzerland, Hong Kong, and Germany also saw outflows of $37 million, $25 million, $35 million, and $4 million, respectively. However, Brazil and Canada saw inflows of $9 million and $8.4 million, respectively.</p> 
<h2 style="text-align: justify" id="majority-of-outflows-in-bitcoin">Majority of Outflows in Bitcoin</h2> 
<p style="text-align: justify"><a href="https://en.coin-turk.com/bitcoin-price-movement-and-its-relationship-with-institutional-investors/" data-wpel-link="internal">Bitcoin</a> constituted 96% of the outflows, with $904 million leaving the market, while short-focused Bitcoin products also saw small outflows totaling $3.7 million.</p> 
<p style="text-align: justify">Ethereum, Solana, and Cardano also experienced outflows of $34 million, $5.6 million, and $3.7 million, respectively.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/record-outflows-hit-crypto-investment-products/" data-wpel-link="internal">Record Outflows Hit Crypto Investment Products</a></h5>

Record Outflows Hit Crypto Investment Products

Tabla de contenidos

COINTURK NEWS

Otros artículos publicados el 25 mar 2024

Exploring Bitcoin’s Next Chapter: The 2024 Halving Event and Its Market Impact

A New Crypto Spot Trading Tool Joins The Market – B2Trader Brokerage Platform

7-Week Record Fund Inflow in Bitcoin Stopped! Institutional Investors Turned to Altcoins: "They A...

Indonesian NFT ‘Selfie Guy’ Made $1.8M In Less Than 30 Mins Following Selfie Presale

Singapore is About to Become an AI Superpower

Ambient becomes a new Pyth data provider

¡Únete a nuestro boletín gratuito para recibir actualizaciones diarias de criptografía!