News Formal

Crypto investment products see third consecutive week of outflows totaling $435 million

  • 📰 TheBlock__
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 53%

Crypto Etps Noticias

España Últimas Noticias,España Titulares

The outflows are the largest since a record of nearly $1 billion during the third week of March as bitcoin fell back from its all-time high.

Global crypto investment products at asset managers such as Ark Invest, Bitwise, Fidelity, Grayscale, ProShares and 21Shares registered a third-consecutive week of net outflows totaling $435 million last week, according to CoinShares' latest report.

Most of the outflows were from the incumbent Grayscale, which converted its Bitcoin Trust product into a spot bitcoin exchange-traded fund in January. Grayscale’s GBTC contributed $454.1 million in outflows last week alone. However, this was the lowest level for nine weeks, Butterfill pointed out. BlackRock’s IBIT spot bitcoin ETF witnessed three days of zero flows last week as its 71-day inflow streak — putting it in the top ten ETFs of all time — came to an end. Fidelity’s FBTC and Valkyrie’s BRRR also witnessed their first daily outflows last week.

 

Gracias por tu comentario. Tu comentario será publicado después de ser revisado.
Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

 /  🏆 464. in ES

España Últimas Noticias, España Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Crypto Market Update: Ethereum's March Towards $3,600This article analyzes the recent price movements of Ethereum and its potential to bounce back from recent declines. Breaking through the $3,600 barrier is crucial for Ethereum to maintain positive momentum.
Fuente: hackernoon - 🏆 532. / 51 Leer más »