Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Bitcoin sees $33 million in outflows after 11-week streak of inflows to crypto funds ends

Bitcoin sees $33 million in outflows after 11-week streak of inflows to crypto funds ends

The BlockThe Block2023/12/18 10:37
By:James Hunt

Digital asset investment products recorded their first net outflows in 11 weeks — led by Bitcoin.Solana, Cardano and XRP bucked the trend.

Bitcoin sees $33 million in outflows after 11-week streak of inflows to crypto funds ends image 0

Crypto funds at asset managers such as CoinShares, Bitwise, Grayscale, ProShares and 21Shares ended an 11-week run of inflows last week, registering net outflows of $16 million, according to CoinShares’ latest report .

Bitcoin BTC -2.99% -based funds dominated, registering $32.8 million in outflows last week, with short Bitcoin investment products also witnessing $0.3 million in outflows. However, trading activity remained above average — totaling $3.6 billion last week compared to the $1.6 billion yearly average.

The outflows coincide with a decline in the price of Bitcoin over the past week, falling around 5% to end an eight-week streak of consecutive weekly gains. Bitcoin currently trades at 40,925, according to The Block’s price data.

BTC/USD price chart. Image: The Block/TradingView .

Mixed regional flows suggested the turnaround was more about profit-taking than a shift in sentiment toward the asset class, CoinShares Head of Research James Butterfill said. The net flows were mainly driven by the U.S. and German markets, which witnessed $18.3 million and $9.7 million in outflows, respectively. Conversely, Switzerland registered inflows of $9.1 million, and Canada $6.9 million.

Weekly crypto asset flows. Image: CoinShares .

Ether and Avalanche also witnessed outflows — while Solana, Cardano and XRP bucked the trend

Ether and Avalanche AVAX -11.28% -based investment products also witnessed outflows, with $4.3 million and $1 million exiting the funds, respectively.

Solana SOL -7.31% , Cardano and XRP products were the primary beneficiaries, Butterfill said, bucking the trend by registering $10.6 million, $3 million and $2.7 million worth of inflows, respectively. Additionally, Chainlink-based funds witnessed inflows of $2 million.

Blockchain equities also experienced more positive sentiment last week, with inflows totaling $122 million, adding to a nine-week streak of $294 million — the largest run to date.


0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

TRON’s Strategic Momentum: Assessing Justin Sun’s Influence and Institutional Ambitions

- Justin Sun aims to list Tron Inc. in Nasdaq 100 by 2028 via a reverse merger with SRM Entertainment, leveraging $1B USDT minting and TRX treasury alignment. - Q2 2025 data shows 784M transactions and $1B on-chain revenue, positioning Tron as a scalable blockchain rival to Solana and BNB Chain. - Regulatory scrutiny, declining TVL, and a 10% post-listing TRX drop highlight risks despite 28% price gains and institutional finance integration efforts. - Sun’s strategic focus on scalability and SEC filings un

ainvest2025/08/29 09:15
TRON’s Strategic Momentum: Assessing Justin Sun’s Influence and Institutional Ambitions

Undervalued Low-Cap Altcoins Under $1: Reddit-Driven Momentum and On-Chain Signals for 2025 Breakouts

- 2025 crypto market sees retail/institutional capital shifting to under-$1 altcoins driven by Reddit narratives and on-chain data. - MAGACOIN FINANCE (12% burn rate, $1.4B Q3 inflows) and BONK (1T token burn, Grayscale inclusion) emerge as top breakout candidates with utility-driven growth. - PEPE breaks wedge pattern with 301% burn surge while WLFI's political narrative faces short-term volatility but shows listing potential. - Bitcoin dominance below 60% and Ethereum ETF inflows ($9B) signal altcoin sea

ainvest2025/08/29 09:15
Undervalued Low-Cap Altcoins Under $1: Reddit-Driven Momentum and On-Chain Signals for 2025 Breakouts

The Rise of Integrated Cross-Chain Swaps: A 2025 Investment Opportunity

- Symbiosis.finance leads 2025 DeFi innovation by integrating blockchain and smart routing to enable 30+ cross-chain swaps with reduced slippage and gas costs. - Its MPC-based relayer network and TSS security frameworks address 69% of crypto bridge theft risks, contrasting traditional centralized models. - Cross-chain volumes hit $56.1B in July 2025, driven by Symbiosis' 231% user growth and $4B+ transaction volume, signaling DeFi's shift toward interoperability. - Challenges persist in smart contract vuln

ainvest2025/08/29 09:15
The Rise of Integrated Cross-Chain Swaps: A 2025 Investment Opportunity

Institutional Capital Now Directly Fuels 400 Million Tons of CO₂ Avoided

- Arx Veritas and Blubird tokenized $32B in Emission Reduction Assets (ERAs) via blockchain, preventing nearly 400 million tons of CO₂ emissions through decommissioned fossil fuel infrastructure. - The initiative leverages real-world asset tokenization to create verifiable climate impact, linking capital directly to environmental projects rather than carbon credits alone. - Institutional demand is surging, with $500M in active deals and $18B in planned tokenizations by 2026, projected to add 230 million to

ainvest2025/08/29 09:03
Institutional Capital Now Directly Fuels 400 Million Tons of CO₂ Avoided