Compartir este artículo
Crypto Funds See Largest Weekly Outflows Since January
Some $134 million flowed out of digital asset funds in the week through April 8 as investors took profits and fled bitcoin-focused funds.
Por Krisztian Sandor
Make us preferred on Google
Crypto funds last week suffered their largest outflow since January as investors withdrew money from bitcoin and Ethereum funds, CoinShares reported on Monday.
The funds had $134 million in net outflows, which marked the second worst week in the year for funds that manage digital asset investments and represented a sharp turn after two straight weeks of heavy inflows.
STORY CONTINUES BELOW
No te pierdas otra historia.Suscríbete al boletín de Crypto Daybook Americas hoy. Ver todos los boletines
Bitcoin-related products took the lion’s share of the outflows with $131.8 million of redemptions. Short bitcoin investment products, which bet on making profits when bitcoin’s price declines, saw inflows totaling $2 million, their largest inflow on record.
The reversal came after the price of bitcoin (BTC), the largest cryptocurrency by market capitalization, rose to $48,000 from $38,000 in only two weeks by early April.
“We believe price appreciation the previous week may have prompted investors to take profits,” the report said. Lower daily trading volumes ($2.3 billion) than the average also suggest that there isn’t significant stress among investors.
Funds focused on Ethereum (ETH) saw $15.3 million in outflows, which brought year-to-date total outflows to $126 million.
Meanwhile, altcoins (excluding Ethereum) and multiple-asset funds stayed resilient and recorded inflows of $6 million and $5 million, respectively.
Breaking down the funds by assets, solana (SOL) led the way with $3.7 million in inflows, down from $8.2 million the week before, bringing its year-to-date inflows to $107 million.
Funds focused on cardano (ADA) saw $1 million in inflows, while $600,000 flowed into litecoin (LTC) funds.
Outflows were broad among providers as both European and America-based funds booked outflows, with American providers representing 61% of the outflows.
Funds managed by ProShares and ETC Group took the biggest hit with outflows of $64.5 million and $45.8 million, respectively.
Investment products that manage blockchain-related stocks in their portfolio had $32 million in inflows.
Más para ti
Pudgy Penguins is building a multi-vertical consumer IP platform — combining phygital products, games, NFTs and PENGU to monetize culture at scale.
Lo que debes saber:
Pudgy Penguins is emerging as one of the strongest NFT-native brands of this cycle, shifting from speculative “digital luxury goods” into a multi-vertical consumer IP platform. Its strategy is to acquire users through mainstream channels first; toys, retail partnerships and viral media, then onboard them into Web3 through games, NFTs and the PENGU token.
The ecosystem now spans phygital products (> $13M retail sales and >1M units sold), games and experiences (Pudgy Party surpassed 500k downloads in two weeks), and a widely distributed token (airdropped to 6M+ wallets). While the market is currently pricing Pudgy at a premium relative to traditional IP peers, sustained success depends on execution across retail expansion, gaming adoption and deeper token utility.
More For You
Number of wallets with 1 million XRP is rising again
On-chain data points to underlying demand for XRP as ETFs pull in over $90 million.
What to know:
- XRP has fallen about 4 percent so far this month, even as on-chain data point to strengthening underlying investor interest.
- U.S.-listed spot XRP ETFs have attracted a net $91.72 million in inflows this month, bucking the trend of sustained outflows from bitcoin ETFs.
Top Stories
