As crypto prices fall, fund investors remain bearish with record weekly outflows from digital asset investment products totaling $207 million in the seven days through Jan. 7.The spate of redemptions adds to the pressure on the market that began in mid-December, bringing the four-week outflow total to $465 million.Investment funds focused on bitcoin, the world’s largest … [Read more...] about Digital Asset Funds Hit by Record Weekly Outflows of $207M
outflows
Digital Asset Funds Hit by Record $142M of Outflows
Following a 17-week run of inflows, outflows from cryptocurrency funds totaled $142 million during the seven days through Dec. 17, according to CoinShares, a digital-asset manager that compiles the industry data. The largest previous outflow on record was in early June, when net redemptions surged to $97 million. Source link … [Read more...] about Digital Asset Funds Hit by Record $142M of Outflows
Bitcoin Exchange Outflows Resume as Stock Markets Get Over Fed Jitters
The S&P 500 and the Nasdaq Composite rose 3.8% and 3.6% last week, their biggest weekly ascents since early February, even as a report showed U.S. inflation climbed to a four-decade high in November, sealing the deal for a faster unwinding of the crisis-era stimulus by the Federal Reserve (Fed). The Dow snapped a four-week losing trend with a 4% rally and bitcoin ended a … [Read more...] about Bitcoin Exchange Outflows Resume as Stock Markets Get Over Fed Jitters
Ethereum (ETH) outflows spike to ATHs after dip to $4,000
On-chain data shows that Ethereum exchange outflows reached their all-time highs yesterday as ETH lost almost 15% of its value, dipping as low as $4,000.This shows that the majority of Ethereum holders retained their confidence in the token and have been buying the dip en masse.Ethereum holders were quick to buy yesterday’s dipWhile this week’s market correction might have … [Read more...] about Ethereum (ETH) outflows spike to ATHs after dip to $4,000
Last week saw highest Cardano (ADA) inflows, while Bitcoin outflows continue
According to the latest report from CoinShares, the rebound seen in digital asset fund inflows spells good news for the industry as it indicates the market might be entering a bullish period.The report, which analyzes weekly flows into digital asset funds, found that digital asset investment products saw a second consecutive week of inflows totaling $24 million.Altcoin inflows … [Read more...] about Last week saw highest Cardano (ADA) inflows, while Bitcoin outflows continue