Produsele de investiții cripto înregistrează un record de 207 de milioane de dolari în ieșiri săptămânale

Outflows from digital asset and crypto investment products amounted to a record $207 million over the past week.

Bitcoin-based investment products saw the largest amount of outflows, totaling at $107 million. The latest CoinShares report believes this to have been “a direct response to the FOMC minutes which revealed the US Federal Reserve’s concerns for rising inflation, and the fear amongst investors of an interest rate hike.” The report also highlighted the high turnover in these Bitcoin-backed products over the past four weeks, demonstrating higher investor activity than has been typical.

Almost all other crypto-backed products across the board also saw outflows last week. Ethereum-backed products saw last week’s $39 million in outflows contribute to the five-week streak totaling at $200 million. The report notes this to be far greater on a proportional basis to Bitcoin outflows which are roughly 1.4% of AuM. The breadth to which crypto products sold off was also indicated by the $37 million in outflows for multi-asset funds, and blockchain equities investment products losing $10 million. However, Solana and XRP did both see minor inflows.

Crypto outflow streak

This latest week of outflows makes it the fourth consecutive one in the recent streak which started in December, now amounting to $465 million. This is roughly 0.8% of total assets under management (AuM), almost double the total of the prior’s three weeks’ outflows combined.

While crypto investment products saw significant gains over the past year, 2021 had concluded with three consecutive weeks of outflows. The final week of the year had seen a diminishing amount at $32 million, compared to $86 million the week prior, and $142 million the week before that. At a total of $260 million, the total outflows for the final three weeks of last year amounted to 0.4% of AuM. The initial week of outflows ended a streak of 17 consecutive weeks of inflows into digital asset investment products. That period of inflows starting in August 2021 eventually amounted to $3.6 billion. 

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Source: https://beincrypto.com/crypto-investment-products-record-207-million-weekly-outflows/