<\/p>\n
Crypto investment products have seen a trend of outflows for five consecutive weeks, as $54 million exited these products in the past week, according to the latest CoinShares weekly report<\/a>. This extends the total outflow over the last nine weeks to $455 million, underscoring the prevailing bearish sentiment in the market.<\/p>\n CoinShares noted that the United States dominates the outflows, contributing around 77% of these exits due to the seemingly unending regulatory clampdown on crypto-related businesses within the region.<\/p>\n U.S. financial regulatory bodies, including the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), have initiated enforcement actions<\/a> against various crypto entities such as Binance and Coinbase, as well as decentralized finance protocols like Opyn and Deridex.<\/p>\n These regulatory measures have created a challenging environment for crypto companies operating in the United States, as the regulatory landscape remains unclear.<\/p>\n CoinShares dubbed short-Bitcoin investment products the \u201cmost loved,\u201d even though it experienced outflows of $3.8 million in the past week. The company reports that these products have garnered approximately $12 million in inflows for the current month.<\/p>\n Conversely, BTC investment products bore the brunt of last week\u2019s outflows, accounting for 85% of the total at roughly $45 million. Their monthly performance shows a significant negative trend, with withdrawals exceeding $100 million, indicating a consistent exodus of investors.<\/p>\n In a surprising twist, Ethereum, despite its attractive investment opportunities and strong demand for its staking yields, witnessed an outflow of $4.8 million last week. CoinShares had previously categorized<\/a> this digital asset as the \u201cleast loved\u201d among investors.<\/p>\n Despite the prevailing bearish sentiment, select altcoins managed to attract inflows. Solana<\/a>, Cardano, and XRP<\/a> recorded inflows of $0.7 million, $0.43 million, and $0.13 million, respectively.<\/p>\n Nonetheless, flows into digital asset products remain positive throughout the year, as it currently stands at $51 million on the year-to-date metric.<\/p>\n The post Short-Bitcoin products gain popularity as clampdown-driven crypto outflow persists<\/a> appeared first on CryptoSlate<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":" Crypto investment products have seen a trend of outflows for five consecutive weeks, as $54 million exited these products in the past week, according to the latest CoinShares weekly report. This extends the total outflow over the last nine weeks to $455 million, underscoring the prevailing bearish sentiment in the market. US top outflows CoinShares […]<\/p>\n","protected":false},"author":2,"featured_media":158104,"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-158103","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\/158103","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=158103"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/158103\/revisions"}],"predecessor-version":[{"id":158105,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/158103\/revisions\/158105"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/158104"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=158103"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=158103"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=158103"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}US top outflows<\/h2>\n
Short-BTC products are \u2018most loved\u2019<\/span><\/h2>\n