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Crypto Funds Suffer Second Straight Week of Outflows
Investors continue to be daunted by the uncertain market and economic environment.
Updated May 11, 2023, 4:35 p.m. Published Mar 21, 2022, 7:05 p.m.
Cryptocurrency funds saw outflows for a second straight week as investors reacted to the Federal Reserve's first interest rate hike since 2018 and to the uncertainty over the potential ramifications of the Ukraine-Russia war.
Some $47 million were redeemed from digital-asset investment products in the seven days through March 18, according to a report Monday from CoinShares. That amount was smaller than the $110 million of outflows recorded for the prior week. But before the latest spate of redemptions, crypto funds had racked up seven straight weeks of inflows.
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"We believe the recent negative sentiment in North America is due to continued jitters over regulation and geopolitical issues caused by the Ukrainian conflict," CoinShares wrote in the report
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Broken down by assets, funds had $33 million in outflows and ether funds had $17 million in outflows.
"Most other altcoins saw inflows last week," CoinShares wrote.
So far this year, investors have redeemed a net $46.5 million from crypto funds, leaving the total assets under management at $53.7 billion.
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Exchange Review - March 2025
CoinDesk Data's monthly Exchange Review captures the key developments within the cryptocurrency exchange market. The report includes analyses that relate to exchange volumes, crypto derivatives trading, market segmentation by fees, fiat trading, and more.
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Trading activity softened in March as market uncertainty grew amid escalating tariff tensions between the U.S. and global trading partners. Centralized exchanges recorded their lowest combined trading volume since October, declining 6.24% to $6.79tn. This marked the third consecutive monthly decline across both market segments, with spot trading volume falling 14.1% to $1.98tn and derivatives trading slipping 2.56% to $4.81tn.
- Trading Volumes Decline for Third Consecutive Month: Combined spot and derivatives trading volume on centralized exchanges fell by 6.24% to $6.79tn in March 2025, reaching the lowest level since October. Both spot and derivatives markets recorded their third consecutive monthly decline, falling 14.1% and 2.56% to $1.98tn and $4.81tn respectively.
- Institutional Crypto Trading Volume on CME Falls 23.5%: In March, total derivatives trading volume on the CME exchange fell by 23.5% to $175bn, the lowest monthly volume since October 2024. CME's market share among derivatives exchanges dropped from 4.63% to 3.64%, suggesting declining institutional interest amid current macroeconomic conditions.
- Bybit Spot Market Share Slides in March: Spot trading volume on Bybit fell by 52.1% to $81.1bn in March, coinciding with decreased trading activity following the hack of the exchange's cold wallets in February. Bybit's spot market share dropped from 7.35% to 4.10%, its lowest since July 2023.
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