CoinShares: $600 million outflow from digital asset investment products last week
According to a report by CoinShares, the outflow of digital asset investment products reached a total of $600 million last week, the largest outflow since March 22, 2024. This may be due to the FOMC meeting taking a stronger stance than expected, prompting investors to reduce their exposure to fixed supply assets. The outflow of funds was completely concentrated in Bitcoin, with an outflow amount of $621 million. Bearish sentiment also prompted $1.8 million to flow into Bitcoin short positions. Various altcoins saw inflows, with Ethereum, LIDO, and XRP leading the way.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Solana SmartPhone Set To Release In 2025, Will SOL Rally Past Rival GoodEgg (GEGG)
Analytics Firm Reveals Two Dates It Believes Bitcoin Bull Run Will Begin and End
Cryptocurrency analysis company CryptoCon shared the start and end dates of the bull in Bitcoin in its statement.
Analytics Company Claims Bitcoin Could Be Entering a Bear Market: Shares Three Key Scenarios
Analysis company Alpharactal made new statements about the future of Bitcoin in its statement. Here are the details.
US Election May Propel Bitcoin Growth – Doesn’t Matter if its Harris or Trump