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Crypto Funds Saw The Largest Weekly Capital Outflow Last week With $142 million
Summary: With the downturn in the crypto market, crypto funds saw the largest weekly capital outflow in history. According to the report released by CoinShares on Monday, in the week ending December 17, the total outflow of cryptocurrency funds was $142 million, the first outflow after 17 consecutive weeks of inflows, and the largest one-week outflow on ...
With the downturn in the crypto market, crypto funds saw the largest weekly capital outflow in history. According to the report released by CoinShares on Monday, in the week ending December 17, the total outflow of cryptocurrency funds was $142 million, the first outflow after 17 consecutive weeks of inflows, and the largest one-week outflow on record. The last large-scale outflow of funds was in early June 2021, when the total weekly outflow was $97 million.
The possible reason is that the Federal Reserve will accelerate the pace of tapering, and traders are gradually withdrawing from investment assets with higher risks.
Although this outflow seems worrying, the outflow last week only accounted for 0.23% of the total assets under management (AuM), which was relatively small compared to the outflow at the beginning of 2018, when weekly outflows accounted for 1.6% of the AuM.
CoinShares also pointed out that the accumulated funds flowing into crypto funds in 2021 reached a record $9.5 billion, surpassing the $6.7 billion in 2020.
By Mary Liu
Tags: Bitcoin,Crypto,Ether,Fund
Link: Crypto Funds Saw The Largest Weekly Capital Outflow Last week With $142 million [Copy]
