As we already know that the crypto market is always dynamic, the latest data shows a significant outflow, especially in Bitcoin, which reached the attention-grabbing amount of $500 million. Of note, Grayscale's big outflow was $2.2 billion last week.
Additionally, the report highlighted the opposite trend, with newly issued US ETFs experiencing strong inflows of $1.8 billion. While the crypto market is coming to terms with this flow of funds, its impact on prices and investor sentiment is in focus.
Cryptocurrency investment products globally saw significant outflows of $500 million, with a driven focus on key countries. In particular, the United States, Switzerland, and Germany experienced outflows of $409 million, $60 million, and $32 million respectively, as shared by several reports.
Notably, the decline was fueled by large outflows from Grayscale, reaching $5 billion since January 11 and $2.2 billion in the past week, prompting further outflows. However, there are signs that Grayscale outflows are slowing, offering potential stability in the market.
Bitcoin, the largest crypto in terms of market capitalization, showed a significant outflow of $478 million. It should be noted that this decline was caused by a large outflow from Grayscale, contributing to the overall bearish market sentiment.
However, on a month-to-date (MTD) basis, Bitcoin experienced net inflows of $791.4 million, indicating continued market resilience despite recent challenges.
