The negative trend continued for the fourth week in a row. During this period, customers withdrew $4.75 billion from products.
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.
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.
This article was originally Posted on Coinpaper.com
