Bitcoin led with outflows totaling $42 million, a sharp reversal from theinflows observed the previous week. Short bitcoin investment products continued a near 17th consecutive week of outflows.
Altcoins weren't spared either. Ether investment products saw outflows of $9 million, while Polygon, Litecoin and Polkadot funds recorded outflows of $0.9 million, $0.6 million and $0.5 million, respectively. However, XRP products bucked the trend, adding $1.2 million to a 17-week streak of inflows, totaling $12 million year-to-date.
The outflows were predominantly concentrated in Canada and Germany . In contrast, Switzerland experienced minor inflows totaling $3.5 million. U.S.-based crypto funds saw outflows of $5.5 million. The negative market sentiment also impacted blockchain equities, which saw outflows of $6 million over the past week.shows the broader crypto spot and derivatives volume spiked on Thursday due to long liquidations during the crash. But volumes have now plummeted again.
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: MarketWatch - 🏆 3. / 97 Read more »