The third quarter of 2022 has witnessed a slowdown in money flowing out of crypto-related funds, according to a report from Bloomberg.
Raporda, yavaşlamanın birçok yatırımcının zaten riskli varlık sınıfından çekilmiş olabileceğine dair olası bir işaret olduğu belirtildi.
Bloomberg Intelligence tarafından derlenen veriler, yatırımcıların 17.6 Eylül'de sona eren üç ayda kripto borsa yatırım fonlarından 30 milyon dolar çekildiğini gösterdi.
By Sep 30, that number had fallen below the record $683.4 million withdrawn from such funds in the second quarter, the data analysis showed.
According to the report, the past two months had witnessed the most outflows. Upwards of $200 million were poured by investors into crypto ETFs in July.
İkinci çeyrekteki yüksek seviyedeki çıkışlar, kripto para birimi fiyatlarındaki düşüşle bağlantılıydı. Piyasa değerine göre dünyanın en büyük dijital varlığı, bitcoin, 60'nin ikinci çeyreğinde yaklaşık %2022 düştü ve 17,785 Haziran'da 18 $ gibi rekor bir düşüş kaydetti. Ancak kripto para birimi üçüncü çeyrekte %3.7 arttı.
The report stated that narrower price fluctuations aligned with the more muted crypto-linked ETF outflows in the third quarter. On Sep 30, bitcoin was trading above $19,400 – a range close to its prices at the beginning of the quarter.
Todd Sohn, ETF strategist at Strategas Securities, told Bloomberg, “I wonder if the second quarter was the ‘get me out part of these funds.”
He added that the third quarter saw “some laggards” and investors who are just “keeping the faith mentality” and waiting for crypto to rebound.
With central banks around the world raising interest rates to curb soaring inflation, global banks have sunk in the past few months, and risky investments such as cryptocurrencies have fallen victim as recessionary fears rise.
“Everything’s more correlated right now,” Stephane Ouellette, chief executive officer of FRNT Financial Inc. – a crypto brokerage firm – told Bloomberg.
“The people buying the ETF are in the same position as the people who are in Bitcoin,” he said. “Everyone’s panicking, so they’re acting the same.”
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Source: https://blockchain.news/news/crypto-related-funds-witnesses-slow-down-of-money-outflow