Share this article
Crypto Fund Outflows Hit Record Weekly Level
The outflows rose for a fifth consecutive week, according to a CoinShares report.
Updated Mar 13, 2023, 6:22 p.m. Published Mar 13, 2023, 5:57 p.m.
Make us preferred on Google
Digital asset investment product outflows reached a record weekly level, according to a report by CoinShares.
The digital asset investment firm said that outflows increased for a fifth, consecutive week and totaled $255 million, representing 1% of total assets under management (AUM). Bitcoin was the primary focus for outflows, with some $244 million in outflows.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
“While the outflows are the largest on record, they aren’t when expressed as a percentage of total assets under management, that record was on May 2019,” the report said. A full $52 million of outflows that May represented 1.9% of AUM, according to CoinShares.
This comes as the crypto market has suffered a month of uncertainty with crypto-friendly bank Silvergate collapsing and investors concern over the U.S. banking sector’s health.
The report noted that the outflows have wiped out all of the inflows from earlier this year, with outflows totaling $82 million year to date.
UPDATE (March 13, 2023 18:30 UTC): Clarifies the $52 million of outflows was in May 2019.
More For You
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
More For You
Gold tops $5,000 as bitcoin stalls near $87,000 in widening macro-crypto split: Asia Morning Briefing
Bitcoin’s onchain data points to supply overhang and weak participation, while gold’s breakout is priced by markets as a durable macro regime shift.
What to know:
- Gold’s surge above $5,000 an ounce is increasingly seen as a durable regime shift, with investors treating the metal as a persistent hedge against geopolitical risk, central bank demand and a weaker dollar.
- Bitcoin is stuck near $87,000 in a low-conviction market, as on-chain data show older holders selling into rallies, newer buyers absorbing losses and a heavy supply overhang capping moves toward $100,000.
- Derivatives and prediction markets point to continued consolidation in bitcoin and sustained strength in gold, with thin futures volumes, subdued leverage and weak demand for higher-beta crypto assets like ether reinforcing the cautious tone.
Top Stories
