Key Points:
Regional focus reveals significant shifts, with the United States, Switzerland, and Germany experiencing outflows amounting to $409 million, $60 million, and $32 million, respectively.
The recent decline in prices is attributed to significant outflows from the leading ETF issuer, Grayscale, in the United States, amounting to a staggering $5 billion since January 11, 2024. This event has potentially influenced outflows in other regions.
Although Grayscale witnessed outflows of $2.2 billion last week, data indicates a gradual subsiding of outflows as daily totals reduced throughout the week. In contrast, newly issued US ETFs observed substantial inflows, reaching $1.8 billion last week and accumulating a total of $5.94 billion since their launch on January 11, 2024. Taking Grayscale inflows into account, the net balance stands at $807 million.
The primary focus on Bitcoin reveals a significant outflow of $479 million, while short-bitcoin investments saw inflows totaling $10.6 million. Altcoins, on the other hand, experienced dominant outflows last week. Ethereum witnessed outflows of $39 million, while Polkadot and Chainlink saw outflows of $0.7 million and $0.6 million, respectively.
Despite positive inflows into newly issued ETFs, the market experienced price declines, largely attributed to the acquisition of Bitcoin seed capital before January 11. Investors are closely monitoring these shifts in digital asset investment products, adapting to the evolving trends within this dynamic market.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
LayerZero Sybil user analysis revealed, CEO said that out of 6M users, just 400k-600k are…
Linea LXP distribution was paused due to Sybil activity, collaborating with PoH issuers to address…
According to DLNews, The SEC might reject Ethereum spot ETFs until 2025 due to regulatory…
According to Scopescan monitoring, a recent transaction involving an address linked to Amber Group has…
Uniswap founder Hayden Adams has made a bold statement regarding the cryptocurrency market, emphasizing the…
Outflows from the Grayscale Bitcoin ETF signal ongoing investor uncertainty amidst hints of Federal Reserve…
This website uses cookies.