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U.S. Crypto Funds Shed $403M Amid Price Weakness: CoinShares
Yahoo Finance· 2026-02-16 15:38
Core Insights - U.S. investors are exiting crypto funds while international investors are capitalizing on the dip, indicating a significant regional divide in sentiment [1][2] Group 1: Investment Trends - Digital asset investment products experienced outflows of $173 million over the past week, totaling $3.74 billion in outflows over the last four weeks [1] - The U.S. accounted for $403 million in outflows, contrasting with Europe and Canada, which saw inflows of $230 million, suggesting a cautious stance among U.S. institutional investors [2] - Bitcoin products led the outflows among American investors, with $133.3 million in outflows last week, while Ethereum funds saw $85.1 million in outflows [3] Group 2: Market Performance - Bitcoin's price decreased by 2% over the past 24 hours, trading at $69,000, with major altcoins showing slight declines or stability [4] - Despite the overall market downturn, XRP and Solana funds attracted inflows of $33.4 million and $31 million, respectively, indicating resilience in these altcoins [4] - Some altcoins experienced double-digit gains over the past week, reflecting renewed retail risk appetite following softer U.S. inflation data [5][6] Group 3: Market Sentiment - The ongoing rally in select altcoins is seen as a capital rotation away from Bitcoin, with traders shifting focus to altcoins during periods of Bitcoin's low volatility [6] - Short-term momentum in altcoins may persist, but long-term sustainability will require new fundamental drivers or macroeconomic stabilization [7]