Did crypto funds foresee the collapse? 528 million dollars came out
Cryptocurrency funds ended last week with a net loss of $528 million. Bitcoin funds saw 400 exits and Ether funds saw $146 million.
Cryptocurrency funds closed last week for the first time in 4 weeks. The sales in the funds were net $528 million. Bitcoin funds saw outputs of $400 million, while Ether funds saw $146.3 million.
In Coinshares' weekly report, analysts expressed geopolitical concerns behind the sales and fear that the U.S. will enter a recession. As it will be remembered, while the Bitcoin price was 70 thousand dollars before the interest rate decision announced by the Fed last week, below 66 thousand dollars was seen before the decision was announced, and the price fell to 63 thousand dollars on Friday. The week for the funds was closed on Friday.
Altcoin entries continue
On the other hand, despite the large wave of sales, small inputs in altcoin funds also draw attention. Litecoin funds received investments of 200 dollars and XRP funds with 400 thousand dollars.
The "short-Bitcoin" fund, which invested in the decline of Bitcoin, received an investment of 1.8 million dollars. 2.8 million dollars came out of the Solana funds.
On the basis of countries, the biggest figure was in the USA. While 531 million dollars were released from crypto funds in the USA, the figure close to it was Switzerland with an exit of only 27 million dollars.
Exits again in Grayscale...
The most invested fund of the week was BlackRock's Bitcoin fund. IBIT closed the week with a plus of $370 million. Grayscale's two major funds saw major exits.
Grayscale's Ether fund sold $603 and the Bitcoin fund at $239 million.
