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Bitcoin and Altcoin Investment Products Experience Outflows! Here Are the Latest Reports!

  • Digital asset investment products have witnessed significant outflows from a global perspective, totaling 500 million US dollars.
  • BlackRock’s Bitcoin ETF recorded an inflow of 87 million dollars, while Fidelity’s Bitcoin ETF saw an inflow of 100 million dollars.
  • Ethereum experienced an outflow of 39 million US dollars, and Polkadot and Chainlink had outflows of 0.7 million US dollars and 0.6 million US dollars, respectively.

What do the latest reports indicate about Bitcoin and altcoin investment products? Weekly and daily market performance on CoinOtag!

Reports on Bitcoin and Altcoin Investment Products

cryptocurrency
Cryptocurrencies

Digital asset investment products have experienced substantial outflows globally, totaling 500 million US dollars. Regionally, outflows focused on the United States, Switzerland, and Germany, amounting to 409 million US dollars, 60 million US dollars, and 32 million US dollars, respectively.

The recent price declines likely led to more outflows in other regions as well, possibly due to significant outflows totaling 5 billion US dollars since January 11, 2024, originating from the U.S.-based ETF provider Grayscale.

Outflows from Grayscale reached a total of 2.2 billion US dollars last week. However, data indicates that the outflows began to decrease throughout the week, likely due to a reduction in daily totals.

In contrast, newly issued U.S. ETFs received a total inflow of 1.8 billion US dollars last week. Since their launch on January 11, 2024, these ETFs have recorded a total inflow of 5.94 billion US dollars, bringing the net total to 807 million US dollars, including Grayscale’s inflows.

According to the latest data on January 26, SoSo Value reported that Grayscale experienced an outflow of $255 million on the last trading day of the week. BlackRock’s Bitcoin ETF recorded an inflow of $87 million, while Fidelity Bitcoin ETF saw an inflow of $100 million.

bitcoin-etfs-report
Spot Bitcoin ETFs Performance | SoSo Value

What is the situation with altcoin investment products?

Bitcoin understandably remained the primary focus, experiencing an outflow of 479 million US dollars, while short Bitcoin positions saw an inflow of 10.6 million US dollars. Altcoins generally experienced outflows last week, with Ethereum witnessing an outflow of 39 million US dollars, and Polkadot and Chainlink having outflows of 0.7 million US dollars and 0.6 million US dollars, respectively. Blockchain stocks recorded a total inflow of 17 million US dollars last week.

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Celal Mutlu
Celal Mutluhttps://coinotag.com/
Celal Mutlu is a young Satoshi reflection at the age of 21. His favorite characters are CZ and Vitalik, and he has a great sense of humor. Celal is a keen follower of developments in the world of cryptocurrency and keeps up with the latest news and trends.
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