U.S. markets closed
  • S&P 500

    3,785.38
    -33.45 (-0.88%)
     
  • Dow 30

    30,775.43
    -253.88 (-0.82%)
     
  • Nasdaq

    11,028.74
    -149.16 (-1.33%)
     
  • Russell 2000

    1,707.99
    -11.38 (-0.66%)
     
  • Crude Oil

    106.03
    +0.27 (+0.26%)
     
  • Gold

    1,806.30
    -1.00 (-0.06%)
     
  • Silver

    20.16
    -0.13 (-0.63%)
     
  • EUR/USD

    1.0481
    -0.0002 (-0.02%)
     
  • 10-Yr Bond

    2.9720
    -0.1210 (-3.91%)
     
  • GBP/USD

    1.2163
    -0.0012 (-0.10%)
     
  • USD/JPY

    135.7750
    +0.0470 (+0.03%)
     
  • BTC-USD

    19,540.27
    -556.34 (-2.77%)
     
  • CMC Crypto 200

    404.82
    -26.65 (-6.18%)
     
  • FTSE 100

    7,169.28
    -143.04 (-1.96%)
     
  • Nikkei 225

    26,393.04
    -411.56 (-1.54%)
     

Cryptocurrency Fund Flows Decline as Bitcoin Price Trades Sideways

  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
·1 min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.

Cryptocurrency fund inflows declined by roughly 58% to $99 million last week. Lower investor appetite for digital asset funds could reflect uncertainty over bitcoin’s price, which recently has traded in a range between $53,000 and $61,000.

“Since the February price highs and heightened volatility, we have seen a steady decline in appetite amongst investors,” according to a report by CoinShares, a digital asset management firm.

  • “We have also seen a decline in bitcoin investment product trading volumes to $713 million per day last week, versus $1.1 billion per day for 2021,” wrote CoinShares.

  • Fund flow data also shows a regional divide. Inflows are slowing in the U.S., while Europe and Canada have sustained investor appetite.

  • Bitcoin (BTC) products received a majority of inflows last week, while ethereum (ETH) and polkadot (DOT) lagged behind.

Related Stories