Share this article
Crypto Funds Suffer Second Straight Week of Outflows
Investors continue to be daunted by the uncertain market and economic environment.
Updated May 11, 2023, 4:35 p.m. Published Mar 21, 2022, 7:05 p.m.
Cryptocurrency funds saw outflows for a second straight week as investors reacted to the Federal Reserve's first interest rate hike since 2018 and to the uncertainty over the potential ramifications of the Ukraine-Russia war.
Some $47 million were redeemed from digital-asset investment products in the seven days through March 18, according to a report Monday from CoinShares. That amount was smaller than the $110 million of outflows recorded for the prior week. But before the latest spate of redemptions, crypto funds had racked up seven straight weeks of inflows.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
"We believe the recent negative sentiment in North America is due to continued jitters over regulation and geopolitical issues caused by the Ukrainian conflict," CoinShares wrote in the report
Broken down by assets, bitcoin funds had $33 million in outflows and ether funds had $17 million in outflows.
"Most other altcoins saw inflows last week," CoinShares wrote.
So far this year, investors have redeemed a net $46.5 million from crypto funds, leaving the total assets under management at $53.7 billion.
More For You
What to know:
- 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.
More For You
Japan’s Higher Rates Puts Bitcoin in the Crosshairs of a Yen Carry Unwind
A stronger yen typically coincides with de-risking across macro portfolios, and that dynamic could tighten liquidity conditions that recently helped bitcoin rebound from November’s lows.
What to know:
- The Bank of Japan is expected to raise interest rates to 0.75% at its December meeting, the highest since 1995, affecting global markets including cryptocurrencies.
- A stronger yen could lead to de-risking in macro portfolios, impacting liquidity conditions that have supported bitcoin's recent recovery.
- Governor Kazuo Ueda indicated a high probability of a rate hike, with officials prepared for further tightening if their economic outlook supports it.
Top Stories
