{"id":554493,"date":"2023-02-21T07:20:46","date_gmt":"2023-02-21T04:20:46","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/us-regulatory-crackdown-leads-to-32m-digital-asset-outflows-coinshares\/"},"modified":"2023-02-21T07:20:46","modified_gmt":"2023-02-21T04:20:46","slug":"us-regulatory-crackdown-leads-to-32m-digital-asset-outflows-coinshares","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/us-regulatory-crackdown-leads-to-32m-digital-asset-outflows-coinshares\/","title":{"rendered":"# US regulatory crackdown leads to $32M digital asset outflows: CoinShares"},"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-6a3eeaa70fd41\" 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-6a3eeaa70fd41\" 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\/us-regulatory-crackdown-leads-to-32m-digital-asset-outflows-coinshares\/#%E2%80%9D_US_regulatory_crackdown_leads_to_32M_digital_asset_outflows_CoinShares_%E2%80%9C\" >&#8221; US regulatory crackdown leads to $32M digital asset outflows: CoinShares &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_US_regulatory_crackdown_leads_to_32M_digital_asset_outflows_CoinShares_%E2%80%9C\"><\/span>&#8221; US regulatory crackdown leads to $32M digital asset outflows: CoinShares &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjMtMDIvYTMxM2YxYzUtYzFmOC00MTExLWFkZDgtZjMzMWZlMmI5ZmYzLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-48054ca8>Institutional investors may have gotten the jitters on crypto in the wake of the regulatory crackdown in the United States, with digital asset investment products seeing the largest weekly outflow of 2023.\u00a0<\/p>\n<p>On Feb. 20, institutional crypto fund manager CoinShares<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/blog.coinshares.com\/volume-119-digital-asset-fund-flows-weekly-report-f530d9a019bb\"> reported<\/a> that digital asset investment products saw outflows totaling $32 million last week, the largest outflow of the year.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">This week in Fund Flows, by our Head of Research <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/jbutterfill?ref_src=twsrc%5Etfw\">@jbutterfill<\/a> : <\/p>\n<p>Digital assets see US$32m in outflows, but rising prices push AuM to highest since August 2022.<\/p>\n<p>Read the full report &#8211; <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/EIXblrOBcL\">https:\/\/t.co\/EIXblrOBcL<\/a><\/p>\n<p>Get a comprehensive view of last week\u2019s crypto flows  (1\/5) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/WvJk15WAWs\">pic.twitter.com\/WvJk15WAWs<\/a><\/p>\n<p>\u2014 CoinShares (@CoinSharesCo) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/CoinSharesCo\/status\/1627669792709566466?ref_src=twsrc%5Etfw\">February 20, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>The outflow comes in the wake of a massive crackdown on the digital asset industry in the U.S. which has targeted everything from staking services to stablecoins to crypto custody as the Securities and Exchange Commission ramps up what industry analysts have dubbed its war on crypto.<\/p>\n<p>Outflows hit $62 million midway through last week but slowed by the end of it as sentiment improved, added CoinShares analyst James Butterfill.<\/p>\n<p>The majority of those outflows, or 78%, were from Bitcoin (BTC) related investment products and there was an inflow of $3.7 million to Bitcoin short funds. The firm blamed the regulatory crackdown for the increased outflows.<\/p>\n<blockquote><p>\u201cWe believe this is due to ETP investors being less optimistic on recent regulatory pressures in the US relative to the broader market.\u201d<\/p><\/blockquote>\n<p>However, negative sentiment from institutional investors was not mirrored by the broader markets which saw a 10% gain for the period. This pushed total assets under management for institutional products to $30 million, the highest level since August 2022, noted Butterfill.<\/p>\n<p>There were also outflows for Ethereum (ETH) and mixed-asset funds but blockchain equities bucked the trend with inflows totaling $9.6 million for the week.<\/p>\n<p><strong><em>Related:<\/em><\/strong><strong><em> <\/em><\/strong><strong><em>Digital asset investment products see highest inflows since July 2022: Report<\/em><\/strong><\/p>\n<p>Institutions started pouring capital back into crypto funds in January with inflows for the last week of the month totaling $117 million, reaching a six-month high.<\/p>\n<p>However, funds have seen outflows for the past fortnight following four weeks of inflows in January. <\/p>\n<p>The regulatory enforcement action responsible for the sentiment shift includes the SEC\u2019s charges against Kraken for its staking services on Feb. 9. A few days later it sued Paxos over the minting of Binance USD (BUSD), and it also proposed changes\u00a0targeted at crypto firms operating as custodians last week. <\/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 <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> 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\/us-regulatory-crackdown-leads-to-32m-digital-asset-outflows-coinshares\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; US regulatory crackdown leads to $32M digital asset outflows: CoinShares &#8220; Institutional investors may have gotten the jitters on crypto in the wake of the regulatory crackdown in the United States, with digital asset investment products seeing the largest weekly outflow of 2023.\u00a0 On Feb. 20, institutional crypto fund manager CoinShares reported that digital&#8230;<\/p>\n","protected":false},"author":1,"featured_media":554494,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/s3.cointelegraph.com\/uploads\/2023-02\/a313f1c5-c1f8-4111-add8-f331fe2b9ff3.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[76377,75849,74898,73711,70934],"class_list":["post-554493","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-coinshares","tag-etf","tag-sec","tag-investments","tag-regulation"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/554493","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=554493"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/554493\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/554494"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=554493"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=554493"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=554493"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}