The outflow from cryptocurrency investment products from June 15 to June 21 amounted to $584 million, over the past two weeks — $ 1.18 billion. Such calculations were brought to CoinShares.
Analysts attributed the continuation of negative dynamics to the persistence of pessimism about the trajectory of the Fed rate after the last meeting.
Data: CoinShares.The total amount of assets under management dropped to $92.2 billion.
The trading volume of ETP decreased from $11 billion to $6.9 billion.
Clients took $630 million from bitcoin—related instruments, compared to $621 million in the previous reporting period.
Investors withdrew $1.2 million from the structures that allow opening digital gold shorts (previously they added $1.5 million).
In Ethereum funds, the positive dynamics was interrupted after four consecutive weeks - the outflow amounted to $58 million after an influx of $13.1 million.
The demand for products based on the altcoin basket has formed in the amount of $98 million. Experts saw in this the desire of investors to use the weakness of the market to buy.
There were also recorded receipts into Solana, Litecoin and Polygon—based instruments - $2.7 million, $1.3 million and $1 million, respectively.
Data: CoinShares.Recall that in June, the 3iQ digital asset manager applied for registration of Canada's first Solana-ETF with the option of receiving remuneration from staking (6-8% per annum).
Earlier, Matrixport co-founder Daniel Yang expressed an opinion about the possibility of the asset becoming the next contender for the launch of an exchange-traded fund. Jeffrey Kendrick, head of research at Standard Chartered, also predicted the appearance of ETFs on SOL in 2025.
A similar point of view is shared by Ripple CEO Brad Garlinghouse and Galaxy Digital CEO Mike Novogratz.