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Crypto Funds Saw Outflows For The Third Week In A Row, But At A Slower Pace
Summary: According to CoinShares data, digital asset products saw outflows of $30 million in the week ending June 29, but that was down from about $600 million in the previous two weeks, and the slowdown could signal a change in investor sentiment. Nevertheless, the combined outflows for the three weeks still marked the largest outflow since ...
According to CoinShares data, digital asset products saw outflows of $30 million in the week ending June 29, but that was down from about $600 million in the previous two weeks, and the slowdown could signal a change in investor sentiment.
Nevertheless, the combined outflows for the three weeks still marked the largest outflow since the SEC approved the Bitcoin ETF in January.
The Bitcoin ETF itself also reversed its losing streak, seeing overall inflows for the first time in three weeks, with $10 million in inflows last week. BlackRock and 2X's Bitcoin ETFs were the biggest winners, receiving $84 million and $70 million, respectively, while Grayscale's ETF suffered the most, with outflows of $150 million.
Tags: BTC,CoinShares,ETF
Link: Crypto Funds Saw Outflows For The Third Week In A Row, But At A Slower Pace [Copy]
