Crypto investment products record weak inflows amid mixed behavior across asset investors

Cryptocurrencies Notícia

Crypto investment products record weak inflows amid mixed behavior across asset investors
Bitcoin,Ethereum,Solana

Digital asset products witnessed net inflows totaling $30 million last week after the release of the July US Consumer Price Index (CPI) data saw Bitcoin ETFs stage a recovery.

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Digital asset products recorded $30 million in net inflows last week following fears that the Fed wouldn’t cut interest rates in September. Bitcoin ETFs saw $42 million in net inflows as investors looked to tighten their holdings last week. Ethereum ETFs also saw inflows of $4.2 million, while Solana ETFs witnessed $39 million in outflows.

Switzerland recorded outflows for the first time in over a month as investors in the region moved $29.7 million from crypto products last week. Hong Kong and Germany also recorded outflows of $14.3 million and $6.1 million, respectively. Bitcoin ETFs witnessed the highest inflows among crypto ETFs last week after recording a net inflow of $42 million.

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