Crypto investment products see third straight week of outflows

Digital asset investment products saw outflows for a third consecutive week, though withdraws slowed in what may be a possible shift in investor sentiment.

Still, the three combined weeks mark the most outflows since Bitcoin exchange-traded-funds were approved in January by the US Securities and Exchange Commission and helped bring in billions of dollars to the ETFs. The Bitcoin ETFs of BlackRock and 2X were the biggest winners and gained $84 million and $70 million, respectively. Grayscale’s ETF had the worst losses and saw $150 million in outflows, continuing its streak of outflows.

Flows by Asset ADVERTISEMENT: CONTINUE READING BELOW Ether investment products experienced their largest outflows last week since August 2022. Loses for its funds increased to $60 million from $58 million the previous week. That brought Ether products to a year-to-date outflow of $25 million.

مصر أحدث الأخبار, مصر عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

'Scary': Alexforbes expects R55bn in industry outflows as two-pot kicks in'Scary': Alexforbes expects R55bn in industry outflows as two-pot kicks in
مصدر: News24 - 🏆 4. / 80 اقرأ أكثر »

Sygnia gets market boost, but net outflows doubleSygnia gets market boost, but net outflows double
مصدر: Fin24 - 🏆 21. / 63 اقرأ أكثر »