News Formal

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

  • 📰 FXStreetNews
  • ⏱ Reading Time:
  • 20 sec. here
  • 4 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 72%

Bitcoin News

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
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:

 /  🏆 14. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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.
Source: FXStreetNews - 🏆 14. / 72 Read more »