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Journalist<\/p>\n<\/p><\/div>\n
\t\t\t\t\t\t\t\tPosted: September 5, 2023 Capital flight from digital asset investment products \u201ccooled off\u201d last week, causing outflows to drop to a low of $11.2 million, digital asset investment firm CoinShares found in a new <\/span>report<\/span><\/a>.<\/span><\/p>\n Source: CoinShares<\/p>\n<\/div>\n Last week\u2019s $11.2 million liquidity exit from crypto funds represented a 93% decrease from the $168 million in outflows recorded the previous week. According to <\/span>CoinShares<\/span><\/a>, that week\u2019s outflows were the largest since the US regulatory crackdown on exchanges in March 2023.<\/span><\/p>\n CoinShares opined that last week\u2019s decline in activity might be due to negative sentiment taking a \u201cturn.\u201d However, despite the low activity, trading volume rallied above the year-to-date (YTD) average by 90%. During the period under review, trading volume totaled $2.8 billion.\u00a0<\/span><\/p>\n The digital asset investment firm added,<\/span><\/p>\n \u201cYear-to-date digital asset investment products remain in a net inflow position totalling US$165m, with the year so far beset with large gyrations of investor flows, very much driven by the hopes and concerns for regulation on digital assets.\u201d\u00a0<\/span><\/p>\n<\/blockquote>\n The past few weeks have been marked by significant Bitcoin [BTC]<\/a> sell-offs. For context, in the previous week, BTC investment products accounted for most of last week\u2019s outflows at $149 million. This represented 87% of all funds removed from the market during that period.<\/span><\/p>\n With the gradual re-emergence of positive sentiment, the king coin recorded minor inflows of $3.8 million last week. The report stated that the coin remained in a YTD net inflow of $269 million.<\/span><\/p>\n Continuing its trend of outflows, Short-Bitcoin products suffered a liquidity exit of $3.3 million last week. This was its 19th week of consecutive funds outflow, \u201cwith total assets under management (AuM) having fallen 48% from this year\u2019s peak,\u201d CoinShares said.<\/span><\/p>\n According to the report, Solana\u2019s [SOL]<\/a> inflows in the past nine weeks totaled $700,000. This brought the Layer 1 (L1) coin\u2019s YTD inflows to $26 million, suggesting that <\/span>\u201c<\/b>it is the most loved altcoin amongst investors at present.\u201d<\/span><\/p>\n On the other hand, leading coin Ethereum [ETH]<\/a>, suffered the outflows. It saw the removal of capital worth $3.2 million from crypto funds. At the same time, Polygon [MATIC]<\/a> saw the highest amount of outflows last week, totaling $9 million.\u00a0<\/span><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":" Journalist Posted: September 5, 2023 As negative sentiment began to dwindle, crypto outflows dropped to their lowest in weeks.\u00a0 With a year-to-date net inflow of $26 million, Solana might be \u201cthe most loved altcoin.\u201d\u00a0 Capital flight from digital asset investment products \u201ccooled off\u201d last week, causing outflows to drop to a low of $11.2 million, […]<\/p>\n","protected":false},"author":2,"featured_media":150065,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-150064","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/150064","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=150064"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/150064\/revisions"}],"predecessor-version":[{"id":150071,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/150064\/revisions\/150071"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/150065"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=150064"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=150064"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=150064"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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For the first time in several weeks, Bitcoin was not the primary victim<\/b><\/h4>\n
Solana is king<\/b><\/h4>\n