FinanceLane
  • Funding
    • Equity Funding
    • Debt Funding
    • Crowdfunding
    • Real Estate Funding
  • Investing
    • Stocks
    • Bonds
    • Mutual Funds
    • Commodities
    • Forex
    • Private Equity
    • Real Estate
    • Crypto Investing
  • Lending
    • Personal Loan
    • Business Loan
    • Mortgage
    • Credit Card
    • Microfinance
    • Peer-to-Peer Lending
  • Insurance
    • Life Insurance
    • Health Insurance
    • Auto Insurance
    • Education Insurance
    • General Insurance
  • Banking
    • Individual Banking
    • Business Banking
    • Investment Banking
    • Neo Banking
    • Payments Bank
  • Crypto
    • Crypto Coins
    • Crypto Trading
    • Bitcoin
    • Blockchain
    • DAPP
    • Crypto Investing
  • Wealth
    • Earning
    • Savings
    • Investments
    • Budgetting
    • Credit Management
    • Tax Planning
    • Retirement
  • Fintech
    • Payments
    • Digital Banks
    • Alternative Financing
    • Asset Management
    • Softwares
  • Venture
    • Startup Ecosystem
    • Merging & Acquisition
    • Equity Investing
    • Franchising
    • Business Offers
  • Login
No Result
View All Result
crypto
  • Crypto Coins
  • Crypto Trading
  • Bitcoin
  • Blockchain
  • DAPP
  • Crypto Investing
FinanceLane
Home Crypto Bitcoin

Crypto Weekly Outflows Touches $17m, Ending Six Consecutive Weeks Inflow: CoinShares

BlockchainbyBlockchain
August 16, 2022
in Bitcoin, Blockchain, Blockchain News, Crypto
Reading Time: 2 mins read

Outflows from crypto investment products reached $17 million in the week ended Aug. 12, according to digital asset management firm Coinshares, ending a six-week run of inflows for the cryptocurrency industry.

Bitcoin (BTC) accounted for the lion’s share of these outflows with $21 million, driving a 2-week streak of outflows throughout August. However, falling Bitcoin short positions flowed into $2.6 million.

ProShares, Purpose, 3iQ Digital Asset Management and CI Investments crypto investment providers all saw corresponding outflows.

Source: CoinShares

Per the statistics from Coinshares show that capital outflows are distributed across regions. Canadian outflows totalled $26 million, $10 million outflows from the U.S., accounting for the majority of outflows, and inflows to European exchanges totalled $20 million.

The corresponding outflows from other regions are not particularly large. The most notable were Australia, Brazil, and Switzerland, with outflows of $800,000, $1 million, and $600,000, respectively.

According to a report by James Butterfill, an investment strategist at CoinShares:

“It is difficult to discern if this is a meaningful change in sentiment given its small size, although minor outflows were seen across a broad set of providers. It also comes at a time of low trading volume and a recovery in prices, suggesting there could be an element of minor profit-taking.”

Last week, blockchain-related equities saw an inflow of $8 million, indicating an improvement in market sentiment.

Bitcoin rose 1.47% over the past seven days and regained $25,000 on Sunday, according to CoinMarketCap. During the same period, Ethereum rose 7.38% over the week to $1,905.

Image source: Shutterstock Read The Original Article on Blockchain.News

Tags: AnalysisBitcoinBlockchainCoinsharesCrypto

Related Topics

Blockchain

Opensea Opens Bulk NFT Listings & Purchases for Users

Bitcoin

Bitcoin’s Lightning Network Capacity Crosses 5,000 BTC Benchmark

Prev Next

You May Like

Blockchain

Opensea Opens Bulk NFT Listings & Purchases for Users

Bitcoin

Bitcoin’s Lightning Network Capacity Crosses 5,000 BTC Benchmark

Advisory

Bank FDs vs post office term deposit: Which offers senior citizens higher interest rate for short term

Blockchain

Crypto.com Offers Google Pay and Apple Pay Support for Canadian Users

Blockchain News

Coinbase Introduces PayID and Premium Services for Aussie Retail Customers

Blockchain News

Yuga Labs Sets Up BAYC Community Council to Boost Innovations

Advisory

Central govt employees: General Provident Fund (GPF), CPF interest rates announced for Oct-Dec 2022 quarter

Bitcoin

Bitcoin Crosses $20K Mark, as Whales Continue to Accumulate Tokens

Financial News

Advisory

How to update these 6 mandatory KYC details in your Zerodha demat, trading account

FinanceLane
by FinanceLane
Blockchain News

Ripple Opens First Office in Canada with New Growth Plan

Blockchain
by Blockchain
Advisory

Ways to check pension status on EPFO portal

FinanceLane
by FinanceLane
Advisory

NPS schemes will indicate risk profiles from July 15: Get details here

FinanceLane
by FinanceLane
Advisory

Kotak Mahindra Bank increases non-maintenance of average balance fees for savings accounts

FinanceLane
by FinanceLane
Blockchain News

Coin Center Sues IRS For Unconstitutional Tax Reporting Rules

Blockchain
by Blockchain
Advisory

Is HDFC Bank’s Insta Alert service free of cost?

FinanceLane
by FinanceLane
Advisory

What documents you need to sell a property

FinanceLane
by FinanceLane
Blockchain News

John McAfee Could be Still Alive, Ex-Girlfriend’s Assertion Discloses in Netflix Documentary

Blockchain
by Blockchain
Advisory

How PNB customers can submit positive pay data online to get these high-value cheques cleared

FinanceLane
by FinanceLane
Advisory

How to check pension status on EPFO portal

FinanceLane
by FinanceLane
Blockchain

Pro-Russian Group Raises $400K in Crypto to Support Russian Military Actions

Blockchain
by Blockchain
Load More
FinanceLane.com
  • Disclaimer
  • Privacy Policy
  • Terms of use
  • Subscribe
  • Contact

Subscribe to get the latest updates

Follow us on

© 2022 FinanceLane.com. All rights reserved.

  • Home
  • Funding
    • Equity Funding
    • Debt Funding
    • Real Estate Funding
    • Crowdfunding
  • Investing
    • Stocks
    • Bonds
    • Mutual Funds
    • Private Equity
    • Merging & Acquisition
    • Real Estate
  • Lending
    • Personal Loan
    • Business Loan
    • Credit Card
    • Microfinance
    • Peer-to-Peer Lending
  • Insurance
    • Life Insurance
    • Auto Insurance
    • Education Insurance
    • Health Insurance
  • Banking
    • Business Banking
    • Payments Bank
    • Investment Banking
    • Individual Banking
  • Wealth
    • Earning
    • Savings
    • Investments
    • Budgetting
    • Credit Management
    • Tax Planning
    • Retirement
  • Fintech
    • Alternative Financing
    • Payments
    • Asset Management
    • Digital Banks
    • Softwares
  • Fintech
    • Alternative Financing
    • Asset Management
    • Digital Banks
    • Softwares
    • Payments
  • Crypto
    • Crypto Investing
    • Crypto Trading
    • Crypto Coins
    • Bitcoin
    • Blockchain
    • DAPP
  • Subscribe
  • Contact
  • Login

© 2022 FinanceLane - Terms and Conditions | Disclaimer | Privacy Policy

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.