Share this article
Bitcoin Spurs 5th Consecutive Week of Outflows at Crypto Investment Funds: CoinShares
The outflows totaled $32 million last week, pushing total during the streak to $232 million.
Updated May 22, 2023, 8:10 p.m. Published May 22, 2023, 8:08 p.m.
Digital asset investment products have witnessed outflows for the fifth consecutive week as bitcoin (BTC), the world’s largest cryptocurrency by market capitalization, has traded down in May.
Outflows last week came to $32 million, pushing the total during the streak to $232 million, according to a report from CoinShares. Investors withdrew $33 million from bitcoin products alone last week, meaning BTC funds yet again dominated the outflow – as they have throughout the five-week period.
STORY CONTINUES BELOW
No te pierdas otra historia.Suscríbete al boletín de Crypto Daybook Americas hoy. Ver todos los boletines
Bitcoin has soared this year, surpassing $30,000 in April for the first time since mid-2022. But it’s struggled since then and now trades below $27,000.
“It is unclear why there is such coordinated negative sentiment for both long and short investment products,” CoinShares said, noting that even products that short BTC saw an outflow of $1.3 million last week.
Altcoins bucked the trend and witnessed inflows, with the exception of ether (ETH) which saw $1 million of outflows. Avalanche (AVAX) and litecoin (LTC) saw inflows of $0.7 million and $0.3 million last week.
Más para ti
Lo que debes saber:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
Más para ti
Bitcoin’s Deep Correction Sets Stage for December Rebound, Says K33 Research
K33 Research says market fear is outweighing fundamentals as bitcoin nears key levels. December could offer an entry point for bold investors.
Lo que debes saber:
- K33 Research says bitcoin’s steep correction shows signs of bottoming, with December potentially marking a turning point.
- The firm has argued that the market is overreacting to long-term risks while ignoring near-term signals of strength, like low leverage and solid support levels.
- With likely policy shifts ahead and cautious positioning in futures, K33 sees more upside potential than risk of another major collapse.
Top Stories
