Crypto Funds Report Two-Week Outflows During Bitcoin Sliddown

Investor sentiment has weakened and crypto investments have continued to decline last week. It is the second consecutive week of declining sales.

CoinShares, a European crypto investment company, reported that the exchange-traded funds (ETPs), or cryptocurrency products as they are also known in the industry have seen a total outflow of $1.7 Billion during the last week. reported On Monday,

There was a slight decrease in the outflows. $1.73 billion in the week priorThe total amount of $3.43 billion was withdrawn in the two previous weeks. With $1 billion in withdrawals, the year-todate flow has now turned negative.

“We believe this reflects a combination of factors,” James Butterfill is the head of CoinShares research. “including the appointment of a more hawkish US Federal Reserve Chair, continued whale selling associated with the four-year cycle, and heightened geopolitical volatility.”

Since October 2010, the total asset under management has dropped by $73 billion.

Butterfill said that the total assets managed (AUM), in crypto funds, fell from $165.8 to $165.8 Billion. This is a $73 Billion drop since October 20,25.

BitcoinBTC() led outflows of crypto funds by a large margin, as $1.32 billion left BTC products. This equates to $733 millions in outflows for the year.

EtherETHSolana ( ) Funds posted $308 Million in Weekly Outflows and $383 Million YTD Losses. Solana (SOLIt is a cryptocurrency that uses XRP as its currency.XRP() also did not escape the recession, and outflows totaled $31.7 million, followed by $43.7 million.

Short Bitcoin products, on the other hand saw inflows totaling $14,5 million, which is in line with the negative sentiment of markets.

BlackRock’s iShares bleed the most once again

BlackRock’s iShares ETFS led the way with $1.2 billion in outflows. Grayscale Investments and Fidelity were next with outflows of $300 million and 197 million respectively.

ProFunds Group, Volatility shares and other funds buck the trend and received $139 and $61 millions respectively.

CoinShares’ Butterfill mentioned Hyperliquid as well.HYPEThe tokenised activity in precious metals was a notable exception.

The crypto ETFs outflows last week were ahead of the a sharp weekend sell-offBitcoin dropped below $75,000 in value on Sunday.

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The Crypto Fear & Greed Index now sits at “Extreme Fear” With a score 14 it suggests that crypto funds could face another bad week, unless the markets recover sharply.

Bitcoin was trading at $76,610 as of the time this article went to press, down by 1.7% in 24 hours. according CoinGecko.