The outflow from cryptocurrency investment products slowed from $110 million to $47 million in a week. CoinShares analysts explained the decrease in funds by fears of stricter regulation of the industry in the United States.
The largest negative contribution was again made by funds based in North America. As a trigger, a week earlier, experts referred to the US decree of Joe Biden on the coordination of federal agencies in the regulation of cryptocurrencies. In the role of another driver, they called the war in Ukraine.
$32.8 million was withdrawn from bitcoin funds, $16.6 million from Ethereum-based funds.
Structures based on other altcoins showed mostly positive dynamics in the range from $0.3 million (Litecoin) to $0.8 million (Polkadot). The changes in the funds based on Cardano, Tron and Binance turned out to be zero, for all the others in total, they turned out to be negative (-$ 0.6 million).
The volume of funds in products based on a basket of cryptocurrencies increased by $0.6 million to $3.85 billion. Since the beginning of the year, they have been the leader in raising funds.
Recall that the head of deVere Group predicted the growth of bitcoin to $ 50,000 during March.
Earlier, Elon Musk announced the hodling of cryptocurrencies in anticipation of rising inflation.