Ethereum exchange-traded products endured a turbulent final week of June, recording the highest outflow since August 2022.) investment products between June 24-29, bringing the total outflows for the past two weeks to $119 million and June’s total balance to $37 million in funds withdrawn. The slump has made Ether funds the worst-performing asset year-to-date in terms of net flows, with $25 million withdrawn so far.Analysts expect the eight approved funds to debut in the coming weeks.
Over the week, Grayscale’s Bitcoin fund saw outflows of $153 million, offsetting an overall inflow of $10 million among other issuers. “Multi-asset and Bitcoin ETPs led the inflows with US$18m and US$10m respectively. Short-bitcoin also saw a rise in outflows totalling US$4.2m last week, suggesting sentiment may be turning,” reads the report.
Trading volumes rose 43% week-on-week to $6.2 billion as of June 29 but remained “well below” the $14.2 billion weekly average for the year so far, according to CoinShares. Among altcoins, Solana (
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: TheBlock__ - 🏆 464. / 53 Read more »
Source: TheBlock__ - 🏆 464. / 53 Read more »