• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: Bitcoin Price Makes History By Crossing $126,000: Options Market Forecasts Next Price Targets
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: Bitcoin Price Makes History By Crossing $126,000: Options Market Forecasts Next Price Targets
Crypto

Week Of Withdrawals: Crypto Funds Lose $500M As Grayscale’s Outflow Wanes

Samuel Edyme
by Samuel Edyme
1 year ago
·
Posted in Crypto News
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

The crypto market, particularly Bitcoin, has recently experienced significant outflows. According to a recent report from CoinShares, digital asset investment products worldwide saw net outflows of $500 million last week.

These outflows predominantly stemmed from Grayscale’s converted spot Bitcoin exchange-traded fund (GBTC), though its impact seems to be diminishing with daily outflows reducing progressively throughout the week. James Butterfill, Head of Research at CoinShares, highlights this trend, noting a decrease in the intensity of outflows.

While Grayscale’s GBTC experienced a decrease in outflows, there has been a surge in capital moving into the newly established spot Bitcoin ETFs. Last week, these spot ETFs collectively attracted $1.8 billion in fresh capital, with BlackRock’s IBIT and Fidelity’s FBTC at the forefront, securing $744.7 million and $643.2 million, respectively.

Related Reading: Google Eyes Bitcoin ETFs – Will Ads Turn Up The Heat On Crypto Starting Today?

Since their debut on January 11, these fresh market entrants have amassed $5.8 billion in total inflows. This influx has effectively balanced out the $5 billion that flowed out of GBTC, culminating in a net positive inflow of $759.4 million into the crypto market funds.

Global Outflows And Bitcoin’s Market Resilience

The impact of these outflows extends beyond Grayscale, with other altcoin-based funds also registering net outflows. Ethereum investment products, for instance, saw $39 million left, with smaller amounts also exiting Polkadot and Chainlink funds.

Solana was an exception in this trend, which witnessed inflows worth $3 million. Interestingly, blockchain equities continued to attract investments, with an additional $17 million inflow last week.

Crypto asset flows.
Crypto asset flows. | Source: Coinshares

The regional analysis further sheds light on these market movements. US-based funds experienced the most significant net outflows, totaling $409 million, while Switzerland and Germany saw outflows of $60 million and $32 million, respectively.

Brazil emerged as a notable exception, registering $10.3 million. Butterfill suggests that these outflows, particularly in the US, were likely prompted by the substantial outflows from Grayscale, totaling $5 billion, contributing to broader market uncertainties.

Despite these market dynamics, Bitcoin has shown slight signs of recovery, regaining 3.4% of its value in the past 7 days after a recent dip below $39,000. Bitcoin trades above this mark at $42,074, though it has seen a modest 0.7% decrease over the past day.

Bitcoin (BTC) price chart on TradingView amid crypto funds weekly report
BTC price is moving sideways on the 1-hour chart. Source: BTC/USDT on TradingView.com

Historical Patterns And Future Outlook For Bitcoin

Analysts and investors closely monitor patterns and indicators for future trends as the market navigates through these shifts. Crypto analyst Jelle has highlighted an interesting historical pattern in Bitcoin’s performance.

The analyst notes that February has historically been a bullish month for Bitcoin, particularly following a bearish January and a positive performance in the last four months of the previous year.

Related Reading: First Spot Bitcoin ETF Filed By Chinese Fund Giant In Hong Kong

Jelle backs this up with Coinglass data, which supports this observation, showing that in 2015 and 2016, when Bitcoin closed the last four months of the year in the green, it followed up with a bearish January and a bullish February.

Looks like #Bitcoin continues the pattern we’ve been monitoring since September.

4 months in the green, one in the red.

If history keeps repeating, February should be strong. pic.twitter.com/fWbXw4rlvK

— Jelle (@CryptoJelleNL) January 23, 2024

Given this pattern, Jelle anticipates that February could again be a positive month for Bitcoin, potentially bringing significant gains.

.Featured image from Unsplash, Chart from TradingView

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Samuel Edyme

Samuel Edyme

Follow

Edyme is a writer, a content writer that specialises in writing about the crypto realm. Asides Bitcoinist and NewsBTC, Edyme's writing has been featured in top sites such as Blockchain.News, CoinMonk, Blockchain Reporter, Bitcoin Insider among others.

Full Profile

Related Posts

crypto

2,700 Crypto Rigs Seized: Russia Launches Biggest Mining Raid Of The Year

2 hours ago
Cardano Price Prediction, a DeepSeek Analysis & Best Crypto to Buy Recommendation

Cardano Price Prediction, a DeepSeek Analysis & Best Crypto to Buy Recommendation

3 hours ago
BNB Turns Viral & Surpasses XRP as Best Meme Coins like Maxi Doge Explode

BNB Turns Viral & Surpasses XRP as Best Meme Coins like Maxi Doge Explode

6 hours ago
SEC Brings Crypto Innovation Exemptions: $HYPER Benefits

SEC Brings Crypto Innovation Exemptions: $HYPER Benefits

7 hours ago
S&P Global’s New Crypto Index Sparks Investor Interest — Here Are the Best Altcoins to Buy Now

S&P Global’s New Crypto Index Sparks Investor Interest — Here Are the Best Altcoins to Buy Now

8 hours ago
Next Crypto to Explode Live News Today: Timely Insights for Chart Sniffers (October 8)

Next Crypto to Explode Live News Today: Timely Insights for Chart Sniffers (October 8)

3 hours ago

Premium Sponsors

Press Releases

  • ...

    7 hours ago
  • Your Chance to Win Up to 10% Deposit Bonus and Up to 21K $USDT Bonus Prizes at KCEX

    Your Chance to Win Up to 10% Deposit Bonus and Up to 21K...

    12 hours ago
  • 分析師稱 FARTCOIN 有望暴漲...

    12 hours ago
  • Fleet Asset Management Group Brings the Power of Cloud Crypto Mining in a Low-Carbon Package.

    Fleet Asset Management Group Brings the Power of Cloud...

    1 day ago
  • The Quiet Market Shift Investors Might Be Missing: How Tapzi Is Challenging Institutional Favorites

    The Quiet Market Shift Investors Might Be Missing: How...

    5 days ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.