Crypto investment products record outflows of $147 million alongside Middle East war tension

📆 08/10/2024 02.39.00
📰 FXStreetNews

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Bitcoin Berita

Ethereum,Cryptocurrencies

Bitcoin (BTC) is trading around the $63,000 level on Monday as a CoinShares report reveals that crypto investment products recorded outflows totaling $147 million last week, breaking its three-week inflow streak.

Digital asset investment products witnessed outflows totaling $147 million last week. Bitcoin ETFs were the center of focus, with $159 million in outflows after heightened Middle East war tension. Ethereum also saw outflows of $29 million, while Solana and multi-asset products recorded inflows.

Ethereum ETFs also suffered outflows totaling $29 million after seeing inflows the week prior. In contrast, Solana ETFs witnessed inflows of $5.3 million, while multi-asset crypto products recorded inflows of $29 million. Bitcoin, altcoins, stablecoins FAQs What is Bitcoin? Bitcoin is the largest cryptocurrency by market capitalization, a virtual currency designed to serve as money.

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Ethereum could bounce off key support level as Middle East crisis weigh on crypto marketEthereum (ETH) trades around the $2,400 psychological level on Wednesday, down over 4% following $48.6 million outflows from ETF investors as the war between Israel, Hamas, Hezbollah and Iran is hurting market sentiment.
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