CoinShares analysts recorded a change in trend on April 14, when Bitcoin reached the psychological level of $30,000, resulting in an outflow of funds from cryptocurrency investment products of $30.4 million from April 15 to 21; a stark contrast to the inflow of $114 million the previous week.
Structures that allow for the opening of shorts on BTC reported a revenue of $1.5 million and Ethereum funds saw $17 million in revenue due to the successful activation of the Shapella update.
Meanwhile, altcoins saw an influx of $1 million into products based on Polygon and an outflow of $0.4 million from XRP funds.
