{"id":441589,"date":"2022-05-04T06:49:17","date_gmt":"2022-05-04T03:49:17","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/bitcoin-funds-saw-largest-single-week-of-outflows-since-june-2021\/"},"modified":"2022-05-04T06:49:17","modified_gmt":"2022-05-04T03:49:17","slug":"bitcoin-funds-saw-largest-single-week-of-outflows-since-june-2021","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/bitcoin-funds-saw-largest-single-week-of-outflows-since-june-2021\/","title":{"rendered":"# Bitcoin funds saw largest single week of outflows since June 2021"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a34d725e1ea6\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a34d725e1ea6\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-funds-saw-largest-single-week-of-outflows-since-june-2021\/#%E2%80%9D_Bitcoin_funds_saw_largest_single_week_of_outflows_since_June_2021_%E2%80%9C\" >&#8221; Bitcoin funds saw largest single week of outflows since June 2021 &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Bitcoin_funds_saw_largest_single_week_of_outflows_since_June_2021_%E2%80%9C\"><\/span>&#8221; Bitcoin funds saw largest single week of outflows since June 2021 &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDUvZTYxZmU3YmQtZTM4Yi00NTk5LThlYzctOTBhNGU1OWQyYWRiLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-2a0745c6>Institutional investors shed $133 million worth of Bitcoin (BTC) investment products last week, marking the largest week of outflows since June last year. <\/p>\n<p>According to the latest edition of CoinShares\u2019 weekly Digital Asset Fund Flows report, the overall digital asset fund outflows for the week ending April 29 totaled $120.1 million, with the large Bitcoin outflows marginally offset by a surprise $38 million worth of inflows for FTX Token (FTT) products. <\/p>\n<p>The $132.7 million worth of outflows from BTC funds last week, brings the month-to-date outflows for April to $310.8 million. <\/p>\n<p>The last time BTC funds saw this level of outflows in a single week was during a strong bearish trend in June 2021 as a result of major FUD in the <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a> including Tesla halting BTC payments for its cars over environmental concerns and China rolling out its crypto mining ban. <\/p>\n<p>CoinShares noted in the report that there doesn\u2019t <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ear to be a strong indicator of why a similar level of bearish investment sentiment had resurfaced last month, but did point to a couple of potential factors: <\/p>\n<blockquote><p>\u201cIt is difficult to ascertain the precise reason for this other than the hawkish rhetoric from the US Federal Reserve and the recent price decline.\u201d<\/p><\/blockquote>\n<p>Like many other top assets and various stock market indexes, the price of BTC has suffered significantly over the past 30 days, dropping roughly 18.2% to sit at $37,970 at the time of writing. Many onlookers attribute this to fears that inflation and the Federal Reserve\u2019s upcoming interest rate hikes will see the price of BTC tank further. <\/p>\n<p>In a broader view, the overall month-to-date (MTD) outflows for all digital asset products tracked by CoinShares totaled $326.1 million, suggesting that institutional investors have been looking to take risk off the table across the board with crypto investments. <\/p>\n<p>\u201cThis doesn\u2019t reflect the same bearishness seen at the beginning of this year, although it is close to the US$467m outflows witnessed. Regionally, the outflows were fairly evenly split between The Americas comprising 41% and Europe 59%,\u201d CoinShares wrote. <\/p>\n<p><em><strong>Related: <\/strong><\/em><strong><em>3 reasons why Bitcoin price is clinging to $38,000<\/em><\/strong><\/p>\n<p>Bitcoin\u2019s nearest competitor for the top spot in crypto, Ethereum (ETH) has also suffered from bearish sentiment of late, with products offering exposure to ETH suffering $25 million worth of outflows, and MTD outflows of $82.3 million. <\/p>\n<p>On the other end of the spectrum, funds tied to crypto exchange and NFT platform FTX\u2019s FTT saw $38 million worth of inflows, but as FTT funds are categorized under \u201cother,\u201d it is unclear if this is part of a longer trend. Notably, the price of FTT is down 24.5% over the past 30 days also. <\/p>\n<p>Terra (LUNA) and Fantom (FTM) investment products also saw minor inflows of $390,000 and $250,000 each. <\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/bitcoin-funds-saw-largest-single-week-of-outflows-since-june-2021\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Bitcoin funds saw largest single week of outflows since June 2021 &#8220; Institutional investors shed $133 million worth of Bitcoin (BTC) investment products last week, marking the largest week of outflows since June last year. According to the latest edition of CoinShares\u2019 weekly Digital Asset Fund Flows report, the overall digital asset fund outflows&#8230;<\/p>\n","protected":false},"author":1,"featured_media":441590,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDUvZTYxZmU3YmQtZTM4Yi00NTk5LThlYzctOTBhNGU1OWQyYWRiLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,76377,74891,127241,73711],"class_list":["post-441589","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-coinshares","tag-ethereum","tag-ftx-token","tag-investments"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/441589","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=441589"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/441589\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/441590"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=441589"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=441589"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=441589"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}