Express

Crypto Funds Saw Outflows For The Third Week In A Row, But At A Slower Pace

Mary Liu

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.

Last Update:

Tags: ,,
Link: Crypto Funds Saw Outflows For The Third Week In A Row, But At A Slower Pace   [Copy]
  • Ethereum All Core Developers Execution Call #192 Writeup 2 days ago
  • The Product Gap in Blockchain: Shifting Focus from Infrastructure to User-Centric Appli... 4 days ago
  • What Would a Trump Presidency Mean for Bitcoin? 5 days ago
  • Google’s move on Wiz: a cybersecurity game-changer, or another pointless splurge? 7 days ago
  • The Risks and Rewards of Staking 7 days ago
  • You need to login to comment.