{"id":16818,"date":"2024-09-09T16:50:15","date_gmt":"2024-09-09T13:50:15","guid":{"rendered":"https:\/\/forklog.com\/en\/crypto-fund-outflows-reach-second-highest-level-this-year\/"},"modified":"2024-09-09T16:50:15","modified_gmt":"2024-09-09T13:50:15","slug":"crypto-fund-outflows-reach-second-highest-level-this-year","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/crypto-fund-outflows-reach-second-highest-level-this-year\/","title":{"rendered":"Crypto Fund Outflows Reach Second Highest Level This Year"},"content":{"rendered":"<p>From September 1 to 7, withdrawals from cryptocurrency investment funds totaled $726 million, up from $305 million the previous week, according to <a href=\"https:\/\/blog.coinshares.com\/volume-199-digital-asset-fund-flows-weekly-report-a03547e1f95d\">CoinShares<\/a>.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/1-1197.webp\" alt=\"1-1197\" class=\"wp-image-240719\"\/><figcaption class=\"wp-element-caption\">Data: CoinShares.<\/figcaption><\/figure>\n<p>Analysts attributed the continued negative trend to macroeconomic data in the United States, which increased the likelihood of a 25 basis point rate cut by the <span data-descr=\"Federal Reserve System of the United States\" class=\"old_tooltip\">Fed<\/span>. By the end of the week, the pace slowed as employment data divided market opinions on the Fed&#8217;s next steps, they added.<\/p>\n<p>Negative sentiment spread from digital gold to Ethereum. Outflows from Ethereum-based funds increased from $5.7 million to $98.1 million.<\/p>\n<p>Clients withdrew $643 million from bitcoin-related instruments, up from $319 million the previous week.<\/p>\n<p>Investors added $3.9 million to structures allowing short positions on digital gold, compared to $4.4 million in the previous reporting period.<\/p>\n<p>Solana-based products received $6.2 million (the previous week <em>\u2014<\/em> $7.6 million).<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/2-887.webp\" alt=\"2-887\" class=\"wp-image-240720\"\/><figcaption class=\"wp-element-caption\">Data: CoinShares.<\/figcaption><\/figure>\n<p>According to Jim Bianco, CEO of Bianco Research, broader adoption of crypto-<span data-descr=\"exchange-traded funds\" class=\"old_tooltip\">ETFs<\/span> will take more time. He cited the 2028 halving and significant development of on-chain tools as catalysts.\u00a0<\/p>\n<p>His comment came amid an outflow of $1.2 billion from bitcoin-based exchange-traded funds over the past eight days.<\/p>\n<p>In May, Robert Mitchnick, head of digital assets at BlackRock, <a href=\"https:\/\/u1f987.com\/en\/news\/blackrock-anticipates-renewed-interest-in-bitcoin-etfs\">stated<\/a> expectations of a new wave of inflows into products due to institutional participation.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>From September 1 to 7, withdrawals from cryptocurrency investment funds totaled $726 million, up from $305 million the previous week, according to CoinShares. Data: CoinShares. Analysts attributed the continued negative trend to macroeconomic data in the United States, which increased the likelihood of a 25 basis point rate cut by the Fed. By the end [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":16817,"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":[1191,1145],"class_list":["post-16818","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-coinshares","tag-market-analysis"],"aioseo_notices":[],"amp_enabled":true,"views":"7","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/16818","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=16818"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/16818\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/16817"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=16818"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=16818"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=16818"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}