outflows – Page 4 – Ƀitsell X

Digital Asset Products Record Outflows In Sixth Consecutive Week, Europe Overtakes US in Bullish Stance: CoinShares Report

September 25, 2023

Cryptocurrency investment products recorded outflows for the sixth consecutive week with market leaders Bitcoin (BTC) and Ethereum (ETH) leading the pack. A new CoinShares market report shows total outflows from digital asset products totaling $9 million with BTC accounting for $6 million in its third consecutive week of outflows while leading altcoin ETH in its…
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Crypto investors cool on Bitcoin funds, turning to Ether and XRP

July 25, 2023

Bitcoin-related funds saw outflows of $13 million over the past week, reversing five weeks of bullish inflows, according to Coinshares analyst James Butterfill. Bitcoin-related investment products appear to have lost some of their sheen among crypto investors, recording its first week of outflows since Blackrock filed for spot Bitcoin ETF in June. According to a July…
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Multichain MPC bridge sees $100M+ outflows, sparking fears of exploit

July 7, 2023

Some Multichain contracts on Ethereum suffered withdrawals of more than half of their deposits, causing on-chain sleuths to fear an exploit is underway. Abnormally large outflows from the Multichain MPC bridge platform are sparking fears of a multi-million dollar exploit. On July 6, observers noticed that approximately $102 million worth of crypto has been withdrawn…
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Bitcoin remains ‘primary focus’ for investors amid year highs: CoinShares

July 4, 2023

Bitcoin investment products have experienced $310.6 million in inflows over the last two weeks. Bitcoin (BTC) has been the “primary focus” for institutional investors over the last two weeks, according to CoinShares, as the cryptocurrency continues to hit new highs for 2023. In a July 3 report from CoinShares’ head of research James Butterfill, the…
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Binance CEO CZ responds as data points to billions in exchange outflows

June 12, 2023

Data analytics platforms have reported billions of dollars in outflows from Binance over the last week, but this can be misinterpreted, argues Changpeng Zhao. While data suggests that crypto assets have been flowing out of centralized exchanges at an accelerated pace over the last week, Binance CEO Changpeng Zhao argues it may not be as…
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SEC Lawsuits Fuel Bitcoin and Ethereum Exodus From Exchanges: Nearly $1 Billion Withdrawn in 7 Days

June 11, 2023

It has been six days since Binance faced a lawsuit from the U.S. Securities and Exchange Commission (SEC), and five days since Coinbase encountered a similar legal challenge. In the wake of these events, a substantial amount of bitcoin and ethereum has been withdrawn from exchanges, with data revealing that nearly $996 million worth of…
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Binance Records Significant Outflows of BTC, ETH, and Stablecoins Exceeding $1.45 Billion

June 7, 2023

Binance, the world’s largest cryptocurrency exchange by trade volume, saw significant outflows of bitcoin, ethereum, and stablecoins starting on June 3, 2023, according to data from cryptoquant.com. In the past 68 hours, Binance has seen bitcoin outflows of around 15,438 BTC worth more than $420 million. SEC Lawsuit Against Binance Results in Significant Outflows Amid…
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Yellen Says US ‘Not Willing to Allow Contagious Bank Runs,’ Calls OPEC Oil Production Cut ‘Unconstructive’

April 6, 2023

Roughly 26 days ago and in the following days, the U.S. witnessed two significant bank failures when Silicon Valley Bank and Signature Bank collapsed. After speaking at an event on Monday at Yale University, Janet Yellen, the current U.S. Treasury secretary, told reporters that she was closely monitoring the banking industry. Yellen insisted that “matters…
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Crypto users turned to DEXs, loaded up on USDC after Silicon Valley Bank crash

March 17, 2023

The collapse of FTX led to a similar exodus from centralized exchanges, as users worried they may lose access to funds during crises. The collapse of Silicon Valley Bank saw investors loading their bags with USD Coin (USDC), along with an exodus of funds from centralized exchanges (CEXs) to decentralized exchanges (DEXs). Outflows from centralized exchanges…
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Exchange outflows hit historic highs as Bitcoin investors self-custody

November 14, 2022

Confidence in centralized exchanges appears to be waning as Bitcoin flows into self-custody wallets at near-record levels. Bitcoin (BTC) investors have been increasingly moving their holdings to self-custody solutions following the collapse of the world’s second-largest crypto exchange last week. On-chain exchange flow data is showing a surge in withdrawals to self-custody wallets, according to…
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Category: outflows