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Breaking news: Ethereum Developer Virgil Griffith Pleads Guilty to Conspiracy Charge in North Korea Sanctions Case

Cryptocurrency Fund Flows Decline as Bitcoin Price Trades Sideways

Crypto fund flows are slowing, which could suggest investor uncertainty about BTC's price.

Mar 22, 2021 at 7:12 p.m. UTC
Updated Sep 14, 2021 at 12:30 p.m. UTC

Cryptocurrency fund inflows declined by roughly 58% to $99 million last week. Lower investor appetite for digital asset funds could reflect uncertainty over bitcoin’s price, which recently has traded in a range between $53,000 and $61,000.  

“Since the February price highs and heightened volatility, we have seen a steady decline in appetite amongst investors,” according to a report by CoinShares, a digital asset management firm.

  • “We have also seen a decline in bitcoin investment product trading volumes to $713 million per day last week, versus $1.1 billion per day for 2021,” wrote CoinShares.
  • Fund flow data also shows a regional divide. Inflows are slowing in the U.S., while Europe and Canada have sustained investor appetite.
  • Bitcoin (BTC) products received a majority of inflows last week, while ethereum (ETH) and polkadot (DOT) lagged behind.

Chart shows weekly crypto ETP flows.

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