Crypto-based Funds See Record Outflow of Funds: Report
From March 4 to March 10, the outflow of funds from cryptocurrency investment products totaled a maximum of $255 million in history, according to CoinShares analysts, compared to $17 million a week earlier.
This figure is equivalent to 1% of funds under management, returning to the values at the start of the year. In terms of relative terms, a much greater drop in AUM occurred in May 2010, and since then it has increased by 861%.
Traditional Bitcoin funds saw an outflow of $244 million ($20.1 million a week prior), while structures allowing for shorting bitcoin saw an outflow of $1.2 million, compared to an inflow of $1.8 million in the last period.
Altcoins showed mixed dynamics, with investors withdrawing $11 million and $0.3 million each from Ethereum, Litecoin, and Tron-based funds, respectively, while Solana-based funds and XRP saw inflows of $0.4 million and $0.3 million, respectively.
