{"id":11994,"date":"2023-05-16T00:35:41","date_gmt":"2023-05-16T00:35:41","guid":{"rendered":"https:\/\/cryptoheretostay.com\/?p=11994"},"modified":"2023-05-16T00:35:42","modified_gmt":"2023-05-16T00:35:42","slug":"digital-asset-market-shrinks-as-fund-outflows-reach-200m-coinshares","status":"publish","type":"post","link":"https:\/\/cryptoheretostay.com\/?p=11994","title":{"rendered":"Digital asset market shrinks as fund outflows reach $200M: CoinShares"},"content":{"rendered":"<script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"crypto\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script>\n<p>On May 15, European cryptocurrency investment firm CoinShares published its latest \u201cDigital Asset Fund Flows Report,\u201d which revealed that digital asset investment products experienced another week of consecutive outflows, with a total of $54 million exiting the market. This brings \u201cthe total outflow to US$200m, representing 0.6% of total assets under management (AuM),\u201d CoinShares reported.\u00a0<\/p>\n<p><em>Weekly crypto asset flows. Source: CoinShares<\/em><\/p>\n<p>According to the report, Bitcoin (BTC) funds witnessed outflows of $38 million. Over the past four weeks, total BTC outflows amounted to $160 million, accounting for 80% of all outflows. Furthermore, when combining the outflows from short positions on Bitcoin, the total value of outflows related to this asset alone reached $201 million. These numbers strongly highlight that recent investor activity has been overwhelmingly focused on Bitcoin.<\/p>\n<p>The report also noted that multi-asset investments experienced outflows of $7 million in the past week. However, there was a noteworthy development as inflows were observed across eight different altcoin assets, implying that investors are becoming \u201cmore adventurous and selective\u201d in their investment choices.\u00a0<\/p>\n<p>Among the altcoins, funds tied to Cardano (ADA), Tron (TRX) and Sandbox (SAND) attracted minor inflows of less than $1 million each. Binance (BNB) was the only altcoin to witness outflows.<\/p>\n<p><strong><em>Related:\u00a0Bitcoin offers &#8216;good signs&#8217; as analysts retain $40K BTC price target<\/em><\/strong><\/p>\n<p>A recent survey conducted by Bloomberg\u2019s Markets Live Pulse indicates that in the event of a theoretical debt default in the United States, Bitcoin could emerge\u00a0as one of the top three assets alongside gold and United States Treasurys. This suggests that appetite for Bitcoin as a \u201cdigital gold\u201d could emerge if investors doubt Washington\u2019s ability to avoid a default in the long run.\u00a0<\/p>\n<p><strong><em>Magazine:\u00a0$3.4B of Bitcoin in a popcorn tin: The Silk Road hacker\u2019s story<\/em><\/strong><\/p>\n<p><script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"bitcoin\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<br \/><a href=\"https:\/\/cointelegraph.com\/news\/digital-asset-market-shrinks-as-fund-outflows-reach-200m-coinshares\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>On May 15, European cryptocurrency investment firm CoinShares published its latest \u201cDigital Asset Fund Flows Report,\u201d which revealed that digital asset investment products experienced another week of consecutive outflows, with a total of $54 million exiting the market. This brings \u201cthe total outflow to US$200m, representing 0.6% of total assets under management (AuM),\u201d CoinShares reported.\u00a0 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":11995,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_wp_rev_ctl_limit":""},"categories":[2],"tags":[],"class_list":["post-11994","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news"],"_links":{"self":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/11994","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11994"}],"version-history":[{"count":1,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/11994\/revisions"}],"predecessor-version":[{"id":11996,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/11994\/revisions\/11996"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/media\/11995"}],"wp:attachment":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11994"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11994"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11994"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}