{"id":30629,"date":"2024-10-08T03:30:36","date_gmt":"2024-10-08T00:30:36","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=30629"},"modified":"2024-10-08T02:09:42","modified_gmt":"2024-10-07T23:09:42","slug":"coinshares-report-takes-a-look-at-last-weeks-etf-outflows","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/coinshares-report-takes-a-look-at-last-weeks-etf-outflows\/","title":{"rendered":"CoinShares Report Takes a Look at Last Week\u2019s ETF Outflows"},"content":{"rendered":"

Global crypto investment funds witnessed $147 million in net outflows last week, marking the end of a three-week inflow streak, according to a report from CoinShares. This reversal in sentiment was driven largely by better-than-expected economic data, which lowered the likelihood of significant interest rate cuts, said James Butterfill, Head of Research at CoinShares.<\/p>\n

The largest outflows came from Bitcoin-based funds, which saw $159 million in net exits. However, short-bitcoin products, designed to profit from declines in Bitcoin\u2019s price, attracted $2.8 million in net inflows, indicating some bearish sentiment. Funds in the U.S., Germany, and Hong Kong contributed the most to the negative flows, with respective losses of $209 million, $8.3 million, and $7.3 million. On the other hand, Canada and Switzerland recorded some gains, with inflows of $43 million and $34.9 million, helping to offset part of the outflows.<\/p>\n

\"\"<\/p>\n

Despite the negative flows, trading volumes for global crypto investment products rose by 15%, reaching $10 billion for the week. This came even as broader crypto market volumes remained lower.<\/p>\n

Might interest you: What is BabyDoge?<\/a><\/em><\/p>\n

As of the latest data, Bitcoin was trading at $63,595, showing a 2.6% gain over the past 24 hours, though it had dropped to a low of around $60,000 earlier in the week before rebounding. The cryptocurrency remains up 46.6% year-to-date.<\/p>\n

\n

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\u00a0Telegram,\u00a0<\/strong><\/a>YouTube<\/strong><\/a>,\u00a0and\u00a0Twitter<\/strong><\/a>\u00a0channels for the latest news and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Global crypto investment funds witnessed $147 million in net outflows last week, marking the end of a three-week inflow streak, according to a report from CoinShares. This reversal in sentiment was driven largely by better-than-expected economic data, which lowered the likelihood of significant interest rate cuts, said James Butterfill, Head of Research at CoinShares. The<\/p>\n","protected":false},"author":6,"featured_media":27867,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,2],"tags":[61,534,1342,8930,297],"class_list":["post-30629","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-news","tag-bitcoin","tag-bitcoin-etf","tag-coinshares","tag-coinshares-etf-report","tag-etf"],"yoast_head":"\nCoinShares Report Takes a Look at Last Week\u2019s ETF Outflows - 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\/coinshares-report-takes-a-look-at-last-weeks-etf-outflows\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CoinShares Report Takes a Look at Last Week\u2019s ETF Outflows - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Global crypto investment funds witnessed $147 million in net outflows last week, marking the end of a three-week inflow streak, according to a report from CoinShares. This reversal in sentiment was driven largely by better-than-expected economic data, which lowered the likelihood of significant interest rate cuts, said James Butterfill, Head of Research at CoinShares. 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