Crypto Investments See Massive Outflows Amid Regulatory Crackdown

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The regulatory crackdown in the US might have given institutional investors negative chills, as digital asset investment products had the biggest weekly outflow of 2023.

A report from CoinShares revealed that digital asset investment products saw outflows of $32 million last week. This amount is the highest that has been recorded since December of last year, according to the analysis.

The outflow follows a massive crypto regulatory crackdown on the digital asset industry in the US. The regulators’ action has encompassed everything from staking services to stablecoins to crypto custody.

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According to the report, short-bitcoin investment products witnessed inflows of $3.7 million and have had some of the greatest inflows Year to Date (YTD) of $38 million. However, Bitcoin suffered the brunt of the bearish sentiment, witnessing outflows of roughly $25 million.

Furthermore, Ethereum, Cosmos, Polygon, and Avalanche all experienced outflows of $7.2 million, $1.6 million, $0.8 million, and $0.5 million, respectively. On the other hand, Aave, Fantom, XRP, Binance, and Decentraland all experienced inflows of $0.36 million to $0.26 million.

The negative reaction from investors of Exchange Traded Products (ETP) only shows that they are less bullish about recent regulatory challenges in the US than the market at large.

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Bitcoin Prices Rise by 10% 

Bitcoin prices have historically been subject to fluctuation due to a variety of factors, including changes in supply and demand, investor sentiment, and regulatory developments.

While regulatory crackdowns on cryptocurrencies have led to short-term price drops in the past, Bitcoin prices reportedly increased by 10% last week. According to a report from TheCoinRise, the prices of Bitcoin continue to rise, while exceeding the $25,000 range

One reason why Bitcoin prices might be increasing despite regulatory crackdowns is that some investors may interpret these rules as the growing mainstream acceptance of cryptocurrencies. In addition, some investors might view Bitcoin as an insurance policy against inflation and economic instability, which would be boosting demand for the token.

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