Coinshares reports bitcoin outflows for the first time since December

Quick Take

  • Bitcoin outflows topped out mid-week and came down as the cryptocurrency increased in value toward the end of the week.

Coinshares reported outflows from digital asset investment products totaling $32 million last week, the largest weekly amount since December. 

Outflows had reached $62 million mid-way through the week, but sentiment improved by Friday, the firm said. Bitcoin trended lower through mid-week and has since picked back up, surpassing $25,000 last week for the first time in more than six months.

Coinshares said bitcoin accounted for most of the outflows for the week, totaling $25 million, while short-bitcoin investment products saw inflows of $3.7 million.  


Keep up with the latest news, trends, charts and views on crypto and DeFi with a new biweekly newsletter from The Block's Frank Chaparro

By signing-up you agree to our Terms of Service and Privacy Policy
By signing-up you agree to our Terms of Service and Privacy Policy

BTC chart from Tradingview

© 2023 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

About Author

Christiana is a long-time journalist who has written about markets in the Americas, politicians who stashed cash in their underwear and high-end heels, to name just a few. She previously spent six years at Bloomberg, and her work has appeared in the WSJ, LA Times, Insider, Vogue Business and more. Christiana has a bachelor's degree in English from Pace University and a master's degree in journalism from New York University. She completed a master's degree in media psychology for fun.


To contact the editor of this story:
Nathan Crooks at
[email protected]