Outflows from crypto investment products in the period 9–15 September totalled $54 million, down from $59 million a week earlier. CoinShares analysts noted.
The downtrend continued for the fifth consecutive week.
Year to date, net inflows totalled $51 million.
Trading volumes rose by 42%, to nearly $1 billion.
Bitcoin funds recorded outflows of $45 million, after $69 million in the previous period.
From instruments offering short exposure to the first cryptocurrency, investors pulled out $3.8 million (the previous week they invested a record $15 million, the highest since March 2023).
Altcoin-based products showed mixed momentum. In Ethereum funds, investors freed $4.8 million, as in the previous week. In BNB- and Polygon-based structures — $0.3 million each.
Solana-, Cardano- and XRP-based products attracted $0.7 million, $0.43 million and $0.13 million respectively.
Earlier, BitMEX co-founder Arthur Hayes suggested a possible brief move of Bitcoin below $20,000, followed by a new bullish impulse. However in September he pointed to positive prospects for the first cryptocurrency despite the policy of ФРС.
As reported, the founder of Edelman Financial Engines, Rick Edelman, predicted the price of digital gold to $150 000 by the summer of 2025.