Crypto funds’ two-week inflow streak ends: Here’s what went wrong
Crypto investment products saw $513 million in outflows last week, ending a two-week inflow streak following a market crash.Summary
Cryptocurrency investment products experienced $513 million in outflows last week, halting a two-week inflow streak that had totaled $9.1 billion, according to CoinShares. This reversal followed a significant market crash, though CoinShares head of research James Butterfill noted that crypto ETP investors showed less panic than spot market investors.
Bitcoin (BTC) was the main driver of the outflows, accounting for $946 million in losses, which reduced year-to-date inflows to $29.3 billion. Conversely, Ether (ETH) saw $205 million in inflows as investors bought the dip, with a 2x leveraged Ether ETP attracting $457 million. Solana (SOL) and XRP (XRP) also saw inflows totaling $156 million and $74 million, respectively.
The negative flows coincided with the Crypto Fear & Greed Index dropping to a score of 22 last Friday, reflecting strong "Fear" among spot BTC investors, a level not seen since April. At the time of reporting, Bitcoin traded around $111,019, down roughly 3% over the past week.
(Source：Cointelegraph)