Crypto’s Six-Week Bleed Out: XRP And Solana Defy The Outflow Downtrend
With contrasting events in the industry, crypto investment products have witnessed a continuous outflow for the sixth week. Some altcoins demonstrate resilience in this trend, defying the broader market sentiment. Dissecting The Crypto Outflow Trend Crypto funds have witnessed a net outflow of $9 million in the past week, taking the total to roughly $464 million over the last ten weeks, according to Coinshares’ latest digital asset fund flow weekly report. Related Reading: Crypto Fund Flows: Millions Exit Bitcoin, But These Three Coins Hold Their Ground Relevant digital asset....
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Investment products in the crypto arena have recently reported net inflows of $21 million, breaking a persistent six-week drought. With the crypto market’s future continuously debated among experts, such inflows mark a possible resurgence of confidence among investors. The top cryptocurrency remained at the forefront of this resurgence, capturing most of the inflow. But as Bitcoin continues its dominance, emerging coins like Solana also signify the diversifying landscape of the crypto world. Amid these positive indicators, the Ethereum token, however, tells a different story. Related....
According to a CoinShares report published earlier today, global crypto investment products related to Bitcoin (BTC) and Ethereum (ETH) experienced total outflows of $1.1 billion over the past week. In contrast, Solana (SOL) investment products attracted $291 million in inflows. Bitcoin, Ethereum Products Bleed While Solana Shines Crypto investment products experienced a total net outflow […]
In a significant development, the bearish action of the Solana price is currently spilling into the SOL-backed Treasury reserves. A recent report shows that corporate treasury companies are experiencing a sharp decline in their SOL holdings in the shadow of broader market unease. Corporate Solana Reserves Continue To Bleed Solana is experiencing a notable development […]
The 13 US Bitcoin Spot ETFs closed out last week with $1.26 billion in net withdrawals, amid significant price losses in the broader crypto market. Notably, data from SoSoValue shows this is the heaviest outflow from the Bitcoin ETF market since the last week in January, when investors’ activity resulted in a net loss of […]
Spot Bitcoin ETFs extended their redemption streak on May 28, with another $229 million leaving the products as outflows across crypto-linked exchange-traded funds deepened. Spot Ethereum ETFs also remained under pressure, recording $121 million in net outflows and pushing their own withdrawal run to 13 consecutive trading days. Bitcoin ETFs See Ninth Straight Outflow The […]