{"id":15839,"date":"2024-08-05T14:33:06","date_gmt":"2024-08-05T11:33:06","guid":{"rendered":"https:\/\/forklog.com\/en\/crypto-funds-experience-first-weekly-outflow-in-a-month\/"},"modified":"2024-08-05T14:33:06","modified_gmt":"2024-08-05T11:33:06","slug":"crypto-funds-experience-first-weekly-outflow-in-a-month","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/crypto-funds-experience-first-weekly-outflow-in-a-month\/","title":{"rendered":"Crypto Funds Experience First Weekly Outflow in a Month"},"content":{"rendered":"<p>The outflow from cryptocurrency investment funds between July 27 and August 2 amounted to $528 million, more than double the inflows of the previous week ($245 million), according to data from <a href=\"https:\/\/jbutterfill.medium.com\/volume-194-digital-asset-fund-flows-weekly-report-578a4db60706\" title=\"\">CoinShares<\/a>.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/1-1136.webp\" alt=\"1-1136\" class=\"wp-image-238369\"\/><figcaption class=\"wp-element-caption\">Data: CoinShares.<\/figcaption><\/figure>\n<p>Analysts attributed the negative trend to recession fears in the US, escalating geopolitical tensions, and a subsequent wave of long liquidations in risky assets.<\/p>\n<p>The turnover of <span data-descr=\"exchange-traded products\" class=\"old_tooltip\">ETP<\/span> remained at its highest level since May ($14.8 billion).<\/p>\n<p>Clients withdrew $400 million from bitcoin-related products following an inflow of $519 million the previous week. Investors contributed $1.8 million to structures allowing short positions on digital gold (previously $0.3 million).<\/p>\n<p>Instruments based on a basket of altcoins attracted $18.1 million.<\/p>\n<p>The outflow from Ethereum funds amounted to $146 million, increasing to $430 million since the launch of the ETF.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/2-850.webp\" alt=\"2-850\" class=\"wp-image-238370\"\/><figcaption class=\"wp-element-caption\">Data: CoinShares.<\/figcaption><\/figure>\n<p>Earlier, experts assessed the impact of fund withdrawals from Grayscale&#8217;s GBTC on Ethereum&#8217;s dynamics.<\/p>\n<p>ForkLog previously discussed with experts the reasons for the dump and identified conditions under which major coins might begin to recover. Read the details in the article.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The outflow from cryptocurrency investment funds between July 27 and August 2 amounted to $528 million, more than double the inflows of the previous week ($245 million), according to data from CoinShares. Data: CoinShares. Analysts attributed the negative trend to recession fears in the US, escalating geopolitical tensions, and a subsequent wave of long liquidations [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":15838,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1191,1224,1145],"class_list":["post-15839","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-coinshares","tag-macroeconomics","tag-market-analysis"],"aioseo_notices":[],"amp_enabled":true,"views":"9","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/15839","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=15839"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/15839\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/15838"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=15839"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=15839"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=15839"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}