Volume 104: Weekly Report on Digital Asset and bitcoin Fund Flows

by Nov 15, 2022CryptoNews0 comments

Apathy persists, with inflows of US$6.1 million, while Bitcoin trade volumes more than quadrupled.

Minor inflows of US$6.1m were recorded in digital asset investment products, extending investor indifference that has already lasted 7 weeks.

Bitcoin witnessed inflows of US$13 million; it was also the main driver of the growth in trade, accounting for 70% of volumes and increasing 100% over the previous week.

Short-bitcoin withdrawals totaled US$2.4 million in the second week, bringing the total outflows from mid-September to US$20 million.

With the exception of XRP, which received US$0.5 million in inflows, altcoins witnessed virtually little action.

Minor inflows of US$6.1m were recorded in digital asset investment products, extending investor indifference that has already lasted 7 weeks. Recent price appreciation has grown from US$24 billion to US$27 billion but is significantly behind the US$86 billion highs observed this time last year. However, trade volumes increased 77% from the previous week to US$1.3 billion, showing that activity is building up.

Regionally, the US and Germany were the only countries to see inflows which totaled US$13m and US$3.3m respectively. Brazil, Canada, Sweden, and Switzerland saw outflows of US$10m in aggregate.

Bitcoin saw inflows totaling US$14m, it was also the key proponent for the increase in trading, comprising 70% of investment product volumes, having risen 100% relative to the prior week. Short-bitcoin saw the second week of outflows totaling US$2.4m, with outflows since mid-September now totaling US$20m (15% of assets under management (AuM)).

Ethereum saw its fourth consecutive week of outflows at US$2.1m, increasing its total outflows since the merger to US$14m, exhibiting extremely minimal negative sentiment given its 0.2% share of AuM.

See also  Users of Telegram may now conduct auctions to purchase and sell usernames.

Multi-asset investment products witnessed slight outflows totaling US$3.1m, while cryptocurrencies saw minimal activity with the exception of XRP, which saw US$0.5m inflows.

Recent News

Recent Posts

Disclaimer: The information provided on this website is for informational purposes only. We strive to ensure the accuracy and reliability of the content, but we make no representations or warranties of any kind, express or implied, regarding the completeness, accuracy, reliability, suitability, or availability of the information. The use of this website is solely at your own risk.
We do not endorse or promote any specific cryptocurrencies, projects, exchanges, or investments mentioned on this website. The inclusion of any external links does not imply endorsement or recommendation.
Please note that the cryptocurrency market is highly volatile and involves substantial risks. You should carefully consider your own financial situation and risk tolerance before engaging in any cryptocurrency-related activities.

Related Post

0 Comments

Submit a Comment

Your email address will not be published. Required fields are marked *