Crypto Funds Recorded Their Fourth Consecutive Week of Outflows  

From March 1 to March 7, outflows from cryptocurrency investment funds totaled $876 million after $2.9 billion in the previous reporting period.

Crypto Funds Recorded Their Fourth Consecutive Week of Outflows  
Crypto Funds Recorded Their Fourth Consecutive Week of Outflows  

The negative trend continued for the fourth week in a row. During this period, customers withdrew $4.75 billion from products.

Source: CoinShares.
Source: CoinShares.

Analysts stated the persistence of bearish sentiment.

The inflow since the beginning of the year decreased to $2.6 bln.

Total assets under management fell from a peak of $181 billion to the current $142 billion - the lowest since mid-November 2024.

In instruments based on the first cryptocurrency, outflows slowed from $2.6 billion to $756 million.

In the US spot bitcoin-ETF segment, investors withdrew $799.4 million from the products. The negative trend continued for the fourth week in a row.

Source: SoSoValue
Source: SoSoValue

From the structures, which allow opening a short on digital gold, clients took $19.8 mln (previously sent $2.3 mln). Specialists saw this as a sign of "investors' proximity to capitulation".

In Ethereum funds, the outflow rate slowed from $300 million to $89.2 million.

Additions to instruments based on XRP strengthened from $5 million to $5.6 million, Sui - weakened from $15.5 million to $2.7 million.

Interest in products based on Solana returned - after an outflow of $7.4 million, clients invested $16.4 million in them.

on March 10, the price of the first cryptocurrency fell closeto the level of $80,000. Matrixport predicts that the correction will end in March or April.

Previously, CryptoQuant CEO Ki Yong-Joo allowed a prolonged consolidation of the asset in a wide range (e.g., $75,000-100,000), as seen in early 2024 before quotes return to a rising trajectory.