The Volume of Investments in Crypto Decreased Due to Regulatory Pressure
The outflow of funds from cryptocurrency investment products from February 11 to 17 amounted to the maximum since December 2022 $31.7 million against $6.8 million a week earlier.
The negative trend was formed despite the prevailing market sentiment - AUM of digital asset managers reached the maximum since August 2022 $31.53 billion.
Traditional bitcoin funds saw an outflow of $24.8 million versus an inflow of $10.9 million a week ago. Structures which allow to open shorts on the first cryptocurrency invested $3.7 million (in the previous reporting period they withdrew $3.5 million).
In altcoins there were mainly outflows of funds. Ethereum-based products amounted to $7.2 million, Cosmos - $1.6 million, Polygon - $0.8 million, Avalanche - $0.5 million.
Outflows from products based on various altcoins amounted to $2.3 million. The negative dynamics continued for the twelfth week in a row.