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.
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Source: MarketWatch - 🏆 3. / 97 Read more »