{"id":3528,"date":"2021-05-17T22:33:27","date_gmt":"2021-05-17T21:33:27","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=3528"},"modified":"2021-05-18T04:45:55","modified_gmt":"2021-05-18T03:45:55","slug":"cryptocurrency-funds-hit-by-redemptions-as-investors-withdrawl-from-bitcoin","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/cryptocurrency-funds-hit-by-redemptions-as-investors-withdrawl-from-bitcoin\/","title":{"rendered":"Cryptocurrency Funds Hit by Redemptions as Investors Withdraw From Bitcoin"},"content":{"rendered":"\n<h5 class=\"wp-block-heading\">Investors pulled some $50 million from cryptocurrency funds a week ago, the main net recoveries of the year, as <a href=\"https:\/\/coinscreed.com\/staging\/heres-how-bitcoin-inconsistence-complicates-trading-in-a-single-day.html\" class=\"rank-math-link\">bitcoin<\/a>&#8216;s (BTC) cost tumbled.<\/h5>\n\n\n\n<figure class=\"wp-block-image size-large is-resized\"><img fetchpriority=\"high\" decoding=\"async\" src=\"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/05\/adcb63c4ddebeb8f5375ddaa62fc7cae-1.png\" alt=\"\" class=\"wp-image-3530\" width=\"530\" height=\"335\" srcset=\"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/05\/adcb63c4ddebeb8f5375ddaa62fc7cae-1.png 704w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/05\/adcb63c4ddebeb8f5375ddaa62fc7cae-1-300x190.png 300w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/05\/adcb63c4ddebeb8f5375ddaa62fc7cae-1-150x95.png 150w\" sizes=\"(max-width: 530px) 100vw, 530px\" \/><\/figure>\n\n\n\n<p>As indicated by a report CoinShares, surges from bitcoin-centered assets added up to a record $98 million in the seven days through May 14, while speculation items zeroed in on other advanced resources kept on pulling in new cash.<\/p>\n\n\n\n<p>The net sum actually represents a little part of the $5.6 billion put into cryptographic money finances this year, however, the surges show how rapidly a few financial backers were to withdraw as bitcoin started a value pullback that has now stretched out to as much as 35% from April's record-breaking high.<\/p>\n\n\n\n<p><em>\u201cInvestors have been diversifying out of bitcoin and into altcoin investment products,\u201d <\/em>according to CoinShares.<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Investor demand for investment products focused on ether (<a href=\"https:\/\/www.google.com\/search?q=Cryptocurrency+Funds+Hit+by+Redemptions+as+Investors+Withdrawl+From+Bitcoin&oq=Cryptocurrency+Funds+Hit+by+Redemptions+as+Investors+Withdrawl+From+Bitcoin&aqs=chrome..69i57.1107j0j7&sourceid=chrome&ie=UTF-8\" class=\"rank-math-link\" target=\"_blank\" rel=\"noopener\">ETH<span class=\"wpil-link-icon\" title=\"Link goes to external site.\" style=\"margin: 0 0 0 5px;\"><svg width=\"24\" height=\"24\" style=\"height:16px; width:16px; fill:#000000; stroke:#000000; display:inline-block;\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:svg=\"http:\/\/www.w3.org\/2000\/svg\"><g id=\"wpil-svg-outbound-7-icon-path\" fill=\"none\" clip-path=\"url(#clip0_31_188)\">\r\n                            <path d=\"M9.16724 14.8891L20.1672 3.88908\" stroke-linecap=\"round\"\/>\r\n                            <path d=\"M13.4497 3.53554L20.5208 3.53554L20.5208 10.6066\" stroke-linecap=\"round\" stroke-linejoin=\"round\"\/>\r\n                            <path d=\"M17.5 13.5L17.5 16.26C17.5 17.4179 17.5 17.9968 17.2675 18.4359C17.0799 18.7902 16.7902 19.0799 16.4359 19.2675C15.9968 19.5 15.4179 19.5 14.26 19.5L7.74 19.5C6.58213 19.5 6.0032 19.5 5.56414 19.2675C5.20983 19.0799 4.92007 18.7902 4.73247 18.4359C4.5 17.9968 4.5 17.4179 4.5 16.26L4.5 9.74C4.5 8.58213 4.5 8.0032 4.73247 7.56414C4.92007 7.20983 5.20982 6.92007 5.56414 6.73247C6.0032 6.5 6.58213 6.5 7.74 6.5L11 6.5\" stroke-linecap=\"round\"\/>\r\n                        <\/g>\r\n                        <defs>\r\n                            <clipPath id=\"clip0_31_188\">\r\n                                <rect fill=\"white\" height=\"24\" width=\"24\"\/>\r\n                            <\/clipPath>\r\n                        <\/defs><\/svg><\/span><\/a>) continued to rise, totaling $27 million last week.<\/li><li>May marks the first month there has been more investment product trading volumes in ether relative to bitcoin.<\/li><li>Digital asset investment products focused on ether traded a total of $4.1 billion for the week, versus bitcoin\u2019s $3.1 billion.<\/li><li>\u201cWe also saw inflows into other digital assets, the most popular being cardano (ADA) and polkadot (DOT), with inflows of $6 million and $3.3 million, respectively.\u201d<\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Investors pulled some $50 million from cryptocurrency funds a week ago, the main net recoveries of the year, as bitcoin&#8216;s (BTC) cost tumbled. As indicated by a report CoinShares, surges from bitcoin-centered assets added up to a record $98 million in the seven days through May 14, while speculation items zeroed in on other advanced [&hellip;]<\/p>\n","protected":false},"author":63,"featured_media":3529,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[81],"tags":[152],"class_list":["post-3528","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoin-news","tag-bitcoin"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/05\/adcb63c4ddebeb8f5375ddaa62fc7cae.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/3528","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/63"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=3528"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/3528\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/3529"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=3528"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=3528"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=3528"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}