Investors pull $134 million from crypto funds over the week

Outflows from crypto investment products for April 4–8 totaled $134 million. Analysts at CoinShares said this marked the second-largest weekly decline in the indicator.

This week’s Digital Asset Fund Flows Report is available! Written by @jbutterfill, the headline for this week is: Investors take profit with outflows totalling US$134m, altcoins remain resilient.
To access the report, click here: https://t.co/MbvaGEUdwi pic.twitter.com/cbOeZbZsah

— CoinShares 👩‍🚀 (@CoinSharesCo) April 11, 2022

Investments in Ethereum-based funds fell by $15.3 million for the week, while outflows since the start of the year reached $126 million.

Experts suggested that the rise in cryptocurrency prices over the past week prompted investors to lock in profits.

Against this backdrop, flows into altcoin- or multi-asset funds were nearly balanced — minus $6 million and plus $5 million.

Trading volume in crypto investment products for the period stood at $2.5 billion, below the year-to-date average of $2.9 billion.

In mid-March CoinShares reported the first eight-week outflow of funds“>the first eight-week outflow of funds from crypto funds. In the following seven days the trend continued“>the trend continued.