Bitcoin ETFs’ Hot 7-Day Streak Ends, Record $55 Million In Net Outflows
The spot Bitcoin ETFs (exchange-traded funds) in the United States have recorded their first net outflow day in the past seven days. This negative single-day performance ended what was another impressive weekly outing for the crypto investment products. Bitcoin ETFs Shine While Ethereum ETFs Continue To Struggle After a strong performance throughout the month of October, the US-based spot Bitcoin ETFs didn’t register a perfect start to November. According to data from SoSoValue, the BTC exchange-traded funds posted a net outflow of $54.9 million on Friday, November 1. Breaking down....
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The crypto asset investment market experienced its first weekly outflows in over three months, according to the latest data released by CoinShares, a leading European asset manager specializing in cryptocurrencies. The firm’s weekly report shows that digital asset investment products recorded net outflows of $223 million during the past week, halting a 15-week streak of […]
Bitcoin and altcoins have not had the best week according to reports coming out of the market. The crypto market as a whole has been enjoying months of continuous inflows following hot on the heels of the recent market rally. It has pushed crypto-assets such as bitcoin towards new highs as inflows had hit a new record alongside assets under management. But it seems that this is changing. Coming off the back of what was 17 consecutive weeks of inflows, the market is now seeing movement in the opposite direction. While assets such as ethereum had previously recorded outflows at various....
As institutional demand intensifies and the crypto market recovers, US spot XRP Exchange-Traded Funds (ETFs) continue to lead the sector with a 13-day streak and over $200 million in positive net flows this week, outshining Solana (SOL) ETFs, which recorded their third day of outflows in seven days. Related Reading: Bitcoin (BTC) Price In A ‘Vulnerable Technical Environment’ – Key Levels To Watch XRP Funds Lead Crypto ETF Inflows Spot XRP exchange-traded funds have extended their record-breaking streak after registering their thirteenth consecutive day of positive net flows, with $50.27....
Bitcoin and Ethereum ETFs experienced their worst weekly stretch since debut, as risk appetite declined and investors de-risked heading into quarter-end. Related Reading: Messaging App Bitchat Sees Unprecedented Boom Amid Madagascar Turmoil U.S. spot Bitcoin ETFs saw approximately $902.5 million in net outflows for the week of Sept. 22–26, ending a four-week inflow streak. Ethereum […]
Canadian investors represented a hefty $487.5 million worth of outflows for crypto investment products, with the figure partially offset by $70 million worth of inflows from five other countries. Digital asset investment products saw record outflows totaling $423 million last week, with institutional investors from Canada representing nearly all of the carnage. According to the latest edition of CoinShares’ weekly “Digital Asset Fund Flows” report, Canadian investors offloaded a whopping $487.5 worth of digital asset products between June 20 and June 24. The total outflows for the week....