{"id":26096,"date":"2024-08-07T10:00:10","date_gmt":"2024-08-07T07:00:10","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=26096"},"modified":"2024-08-07T09:24:42","modified_gmt":"2024-08-07T06:24:42","slug":"crypto-funds-see-significant-outflows-as-market-uncertainty-grows","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/crypto-funds-see-significant-outflows-as-market-uncertainty-grows\/","title":{"rendered":"Crypto Funds See Significant Outflows as Market Uncertainty Grows"},"content":{"rendered":"<p>Cryptocurrency funds experienced substantial outflows last week, losing a net of $528 million, according to a weekly report by Coinshares. This marks the first time in four weeks that crypto funds have recorded net outflows. Bitcoin funds saw outflows of $400 million, while Ether funds experienced outflows of $146.3 million.<\/p>\n<p>Analysts attributed the outflows to growing geopolitical concerns and fears of a US recession. The recent Federal Reserve interest rate hike, which followed a period of significant Bitcoin price appreciation, has added to market uncertainty. <a href=\"https:\/\/coinengineer.net\/blog\/bitcoin-dips-as-us-jobs-data-beats-expectations\/\">Bitcoin&#8217;s<\/a> price declined from around $70,000 to $63,000 in the week following the Fed&#8217;s announcement.<\/p>\n<p>Despite the overall bearish sentiment, some altcoin funds saw minor inflows. Litecoin funds received $200,000 in investments, while XRP funds attracted $400,000. Additionally, &#8220;short-Bitcoin&#8221; funds, which profit from a decline in Bitcoin&#8217;s price, saw inflows of $1.8 million. Solana funds, on the other hand, experienced outflows of $2.8 million.<\/p>\n<p>The United States accounted for the largest outflows from crypto funds, with investors withdrawing $531 million. Switzerland was the second-largest source of outflows, with $27 million.<\/p>\n<p>BlackRock&#8217;s Bitcoin fund, IBIT, was the week&#8217;s top performer, seeing inflows of $370 million. However, Grayscale&#8217;s two largest funds experienced significant outflows. Grayscale&#8217;s Ethereum fund saw outflows of $603 million, while its Bitcoin fund recorded outflows of $239 million.<\/p>\n<p><em>You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener nofollow\"><strong>Telegram,\u00a0<\/strong><\/a><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener nofollow\"><strong>YouTube<\/strong><\/a>,\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Twitter<\/strong><\/a>\u00a0channels for the latest\u00a0<a title=\"News\" href=\"https:\/\/coinengineer.net\/blog\/news\/\" data-internallinksmanager029f6b8e52c=\"7\">news<\/a>\u00a0and updates.<\/em><\/p>\n<div class=\"kk-star-ratings kksr-auto kksr-align-center kksr-valign-bottom\" data-payload=\"{&quot;align&quot;:&quot;center&quot;,&quot;id&quot;:&quot;20781&quot;,&quot;slug&quot;:&quot;default&quot;,&quot;valign&quot;:&quot;bottom&quot;,&quot;ignore&quot;:&quot;&quot;,&quot;reference&quot;:&quot;auto&quot;,&quot;class&quot;:&quot;&quot;,&quot;count&quot;:&quot;0&quot;,&quot;legendonly&quot;:&quot;&quot;,&quot;readonly&quot;:&quot;&quot;,&quot;score&quot;:&quot;0&quot;,&quot;starsonly&quot;:&quot;&quot;,&quot;best&quot;:&quot;5&quot;,&quot;gap&quot;:&quot;5&quot;,&quot;greet&quot;:&quot;Rate this post&quot;,&quot;legend&quot;:&quot;0\\\/5 - (0 votes)&quot;,&quot;size&quot;:&quot;24&quot;,&quot;title&quot;:&quot;Coinbase Analysts Evaluated Crypto Market - Report&quot;,&quot;width&quot;:&quot;0&quot;,&quot;_legend&quot;:&quot;{score}\\\/{best} - ({count} {votes})&quot;,&quot;font_factor&quot;:&quot;1.25&quot;}\">\n<div class=\"kksr-stars\">\n<div class=\"kksr-stars-inactive\">\n<div class=\"kksr-star\" data-star=\"1\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Cryptocurrency funds experienced substantial outflows last week, losing a net of $528 million, according to a weekly report by Coinshares. This marks the first time in four weeks that crypto funds have recorded net outflows. Bitcoin funds saw outflows of $400 million, while Ether funds experienced outflows of $146.3 million. Analysts attributed the outflows to<\/p>\n","protected":false},"author":1,"featured_media":24655,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[61,7716],"class_list":["post-26096","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-bitcoin","tag-crypto-funds"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Crypto Funds See Significant Outflows as Market Uncertainty Grows - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/crypto-funds-see-significant-outflows-as-market-uncertainty-grows\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Crypto Funds See Significant Outflows as Market Uncertainty Grows - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Cryptocurrency funds experienced substantial outflows last week, losing a net of $528 million, according to a weekly report by Coinshares. This marks the first time in four weeks that crypto funds have recorded net outflows. Bitcoin funds saw outflows of $400 million, while Ether funds experienced outflows of $146.3 million. 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