Crypto investment products lose $251 million in a week

  • 📰 FXStreetNews
  • ⏱ Reading Time:
  • 21 sec. here
  • 4 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 72%

Bitcoin Noticias

Ethereum,Cryptocurrencies

Crypto investment products have seen consistent capital outflows for the past four weeks, according to weekly data tracked by CoinShares.

Digital asset investment products noted outflows of $251 million in the week ending May 5. CoinShares report shows Bitcoin outflows weighed as Ethereum, Avalanche, Cardano, Solana, Polkadot and Litecoin saw inflows. The launch of spot-based ETFs in Hong Kong resulted in $307 million inflows in the first week of trading.

This could be driven by a decline in demand among market participants and the recent correction in Bitcoin price, resulting in a negative sentiment among traders. A positive event was the launch of spot-based ETFs in Hong Kong. CoinShares report says that these funds registered $307 million in inflows, although these failed to offset the measurable outflows of crypto investment products in the US.

Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

 /  🏆 14. in MX
 

Gracias por tu comentario. Tu comentario será publicado después de ser revisado.

México Últimas Noticias, México Titulares

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

Global crypto investment products' weekly net outflow streak exceeds $1 billionGlobal crypto investment products' four-week net outflow streak surpassed $1 billion — with a further $251 million exiting the funds last week.
Fuente: TheBlock__ - 🏆 464. / 53 Leer más »