Ethereum investment products experienced net outflows of $146 million globally last week, largely due to $169.4 million in outflows from US spot Ethereum ETFs. This figure masks $430 million in net inflows into new Ethereum ETFs, overshadowed by $603 million in outflows from Grayscale’s ETHE fund.Bitcoin experienced massive outflows of $400 million, marking the first time in five weeks of inflows. On the other hand, short-Bitcoin saw its first notable inflows since June, amounting to $1.
Last week, ETP recorded trading volumes of $14.8 billion, making up only 25% of the total market, which is below the average. Additionally, a price correction from Friday’s close led to a $10 billion decrease in total ETP assets under management.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Singapore Latest News, Singapore Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Crypto investment products saw $1.4 billion in net inflows last week: CoinSharesWhile Bitcoin products dominated, Ethereum funds also had a strong week, adding $72 million, likely in anticipation of a spot ETF launch.
Source: TheBlock__ - 🏆 464. / 53 Read more »
Crypto investment products continue positive run after $1.35 billion net inflowsDigital asset investment products saw a third consecutive week of net inflows in the past week, totaling $1.35 billion as the crypto market rebounded.
Source: FXStreetNews - 🏆 14. / 72 Read more »
Crypto investment products continue net inflows run despite week of mixed sentimentDigital asset products recorded net inflows of $245 million last week, sliding from $1.35 billion after a week of mixed sentiment.
Source: FXStreetNews - 🏆 14. / 72 Read more »
Ex-Valkyrie CEO Leah Wald to Take Reins of Crypto Investment Firm CypherpunkAoyon Ashraf is managing editor with more than a decade of experience in covering equity markets
Source: CoinDesk - 🏆 291. / 63 Read more »
Former Valkyrie CEO Leah Wald steps up at crypto investment firm Cypherpunk Holdings“There's a lot of opportunities as we're entering 2024,” Leah Wald, the former CEO of Valkyrie Investments, told The Block, after being tapped to lead publicly-traded crypto investment firm Cypherpunk Holdings.
Source: TheBlock__ - 🏆 464. / 53 Read more »
Crypto Investment Firm Hypersphere Unveils $130M Market FundJamie Crawley is a CoinDesk news reporter based in London.
Source: CoinDesk - 🏆 291. / 63 Read more »