Key facts:
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Bitcoin-based investment funds saw outflows of $319 million.
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Solana was the exception, attracting more than $7 million to its investment funds.
More than $300 million has left bitcoin (BTC) and Cryptocurrency investment funds in the past week, marking a challenging period for these financial products.
According to a report from CoinShares, the funds based on BTC recorded outflows of $319 million last week, reflecting widespread negative sentiment among investors.
CoinShares notes that this capital withdrawal is due to a combination of factors, including regulatory uncertainty and market volatility.
“We believe this was due to stronger-than-expected economic data in the US, which has reduced the likelihood of a 50 basis point interest rate cut,” the investment firm said.
Coinshares highlights that despite this climate, solana (SOL) stood out as an exception by attracting over $7 million to its investment funds, suggesting selective interest in certain cryptocurrencies.
The following graph, provided by CoinShares, shows, week by week, the flow of capital (positive or negative) from cryptocurrency-based investment funds worldwide.
CoinShares notes that this capital withdrawal is due to a combination of factors. Source: Coinshares.
In the field of exchange-traded funds (ETFs)the numbers are equally revealing. CriptoNoticias reported last week that bitcoin and ether (ETH) ETFs experienced a dynamic of significant capital inflows and outflows.
During the past week, Bitcoin ETFs saw inflows of moneywith BlackRock standing out for attracting investment. However, this pattern has been reversed, with outflows of up to 127 million dollars of bitcoin ETFs in a single dayindicating an extreme sensitivity of these products to news and market sentiment.
On the other hand, ether ETFs have also shown volatility in investments. After a negative streak, A break in the trend was recorded with money coming in, Ethereum/” target=”_blank” rel=”noreferrer noopener”>with revenues of 5.8 million in a single day.
At the regional level, The United States saw a withdrawal of money from investment funds in bitcoin and cryptocurrencies worth USD 318 millionIn Europe, Germany and Sweden also experienced outflows, albeit on a smaller scale, with USD 7.3 million and USD 4.3 million, respectively. On the other hand, Switzerland and Canada showed the opposite behaviour, with capital inflows of USD 5.5 million and USD 13 million, respectively.
This swing in investments suggests a High sensitivity of financial products based on cryptocurrencies to market news, regulatory decisions and general investor sentiment, Coinshares notes.
This article was created using artificial intelligence and edited by a human on the editorial staff.
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