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Crypto Funds Experience $223 Million Outflow in a Week

Crypto Funds Experience $223 Million Outflow in a Week

Between July 26 and August 1, cryptocurrency funds saw an outflow of $223 million. According to CoinShares, this marks the first outflow in 15 weeks.

Crypto funds lost $223 million in a week
Source: CoinShares.

At the beginning of the week, inflows amounted to $883 million, but by the end, the trend had turned negative.

Analysts linked the outflow to the meeting of the US Federal Reserve, where the regulator maintained the key rate in the range of 4.25-4.5%. They also suggested minor profit-taking by investors following recent capital inflows.

The largest withdrawals were from Bitcoin products, totaling $404 million. Since the start of the year, net inflows into these products have remained at $20 billion. Experts attributed this trend to the high sensitivity of the leading cryptocurrency to monetary policy.

Crypto funds lost $223 million in a week
Source: CoinShares.

Contrary to the overall trend, Ethereum funds showed inflows for the 15th consecutive week, receiving $134 million. Investors also allocated funds to products based on XRP ($31.3 million), Solana ($8.8 million), and SEI ($5.8 million).

Bitcoin ETF from BlackRock dominated weekly inflows with $749 million. This year, investors have poured $26.6 billion into the instrument.

Crypto funds lost $223 million in a week
Source: CoinShares.

Hong Kong attracted the largest volume of capital—$170.4 million—making it the leader among regions. Switzerland, Canada, and Australia also recorded inflows of $52.4 million, $12.4 million, and $7.6 million, respectively. In contrast, the US, Germany, Sweden, and Brazil experienced investment outflows of $383 million, $35.5 million, $33.3 million, and $12.8 million, respectively.

Crypto funds lost $223 million in a week
Source: CoinShares.

Earlier, from July 19 to 25, cryptocurrency funds attracted $1.9 billion.

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