Digital Asset Investment Products Experience Significant Outflows - Coincu
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LIVE UPDATES • Bitcoin Price Drops Below $58,000 As Crypto Market Slumps • Digital Asset Investment Products Experience Significant Outflows • Bhad Bhabie Net Worth: Success From Iconic Saying • OKX MPI License Approved to Help Exchange Boost Services in Singapore • Chang Hard Fork Launched to Push Cardano’s New DeFi Governance • Henley Crypto Adoption Index 2024 Shows Singapore’s Progress • Crypto Hack Incidents Cause Damage Over $300 Million in August • Salvadoran Bitcoin Payment Continues to Promote at Starbucks • Leading the Charge in PolitiFi: $4WIN Coin Heats Up Ahead of Election 2024 Season • Bankrupt Bitcoin Miner Rhodium Receives $30 Million Loan Funding Approval
News Digital Asset Investment Products Experience Significant Outflows 10 mins ago - Around 2 mins mins to read
Key Points:
Digital asset investment products saw outflows of $305 million, mainly driven by stronger-than-expected U.S. economic data.
Bitcoin faced $319 million in outflows, while Ethereum saw $5.7 million in outflows.
Digital asset investment products saw significant outflows of $305 million in the previous week, reflecting broad-based negative sentiment across regions and providers.
Read more: Digital Asset Investment Products See $176M Inflows Amid Market Correction
Digital Asset Investment Products Post Loss of $305 Million Due to Economic Jitters
Analysts mostly attribute this to the stronger-than-expected US economic data, which pulled down the likelihood of a 50-basis point rate cut by the Federal Reserve. With the central bank closing in on the probable monetary policy switch, the asset class is expected to turn increasingly sensitive to interest rate changes.
The United States was at the helm of this outflow trend with $318 million taken out from various digital asset investment products. Other parts of Europe also saw some outflows, particularly $7.3 million from Germany and $4.3 million in Sweden. Modest inflows into Switzerland and Canada added up to $5.5 mln and $13 mln, respectively, but still indicate that investors are somewhat interested in the markets.
Solana and Blockchain Equities Attract Investor Interest Despite Market Outflows
The most significant negative was Bitcoin, posting outflows of $319 million. On the other hand, short Bitcoin investment products attracted investment for their second consecutive week, taking the total inflows to $4.4 million this week- the highest since March this year. This could thus suggest that more and more investors are interested in hedging strategies as they continue to watch prices fall.
Ethereum, meanwhile, saw $5.7 million in outflows, with trading volumes capped at about 15% of their level during the week the U.S. ETFs began trading. This is roughly the same level as volumes ahead of the ETF launches. On the bright side, Solana recorded inflows of $7.6 million, indicating that there’s a fraction of investor confidence in the altcoin.
Conversely, blockchain equities bucked the trend, posting inflows of $11 million, primarily into investment products focused on Bitcoin miners.
Bitcoin Digital Asset Investment Products ETF Ethereum Federal Reserve
Author Harold
With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.
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Digital Asset Investment Products Experience Significant Outflows
Key Points:
Digital asset investment products saw outflows of $305 million, mainly driven by stronger-than-expected U.S. economic data.
Bitcoin faced $319 million in outflows, while Ethereum saw $5.7 million in outflows.
Digital asset investment products saw significant outflows of $305 million in the previous week, reflecting broad-based negative sentiment across regions and providers.
Read more: Digital Asset Investment Products See $176M Inflows Amid Market Correction
Digital Asset Investment Products Post Loss of $305 Million Due to Economic Jitters
Analysts mostly attribute this to the stronger-than-expected US economic data, which pulled down the likelihood of a 50-basis point rate cut by the Federal Reserve. With the central bank closing in on the probable monetary policy switch, the asset class is expected to turn increasingly sensitive to interest rate changes.
The United States was at the helm of this outflow trend with $318 million taken out from various digital asset investment products. Other parts of Europe also saw some outflows, particularly $7.3 million from Germany and $4.3 million in Sweden. Modest inflows into Switzerland and Canada added up to $5.5 mln and $13 mln, respectively, but still indicate that investors are somewhat interested in the markets.
Solana and Blockchain Equities Attract Investor Interest Despite Market Outflows
The most significant negative was Bitcoin, posting outflows of $319 million. On the other hand, short Bitcoin investment products attracted investment for their second consecutive week, taking the total inflows to $4.4 million this week- the highest since March this year. This could thus suggest that more and more investors are interested in hedging strategies as they continue to watch prices fall.
Ethereum, meanwhile, saw $5.7 million in outflows, with trading volumes capped at about 15% of their level during the week the U.S. ETFs began trading. This is roughly the same level as volumes ahead of the ETF launches. On the bright side, Solana recorded inflows of $7.6 million, indicating that there’s a fraction of investor confidence in the altcoin.
Conversely, blockchain equities bucked the trend, posting inflows of $11 million, primarily into investment products focused on Bitcoin miners.
Visited 5 times, 5 visit(s) today
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Key Points:
Digital asset investment products saw outflows of $305 million, mainly driven by stronger-than-expected U.S. economic data.
Bitcoin faced $319 million in outflows, while Ethereum saw $5.7 million in outflows.
Digital asset investment products saw significant outflows of $305 million in the previous week, reflecting broad-based negative sentiment across regions and providers.
Read more: Digital Asset Investment Products See $176M Inflows Amid Market Correction
Digital Asset Investment Products Post Loss of $305 Million Due to Economic Jitters
Analysts mostly attribute this to the stronger-than-expected US economic data, which pulled down the likelihood of a 50-basis point rate cut by the Federal Reserve. With the central bank closing in on the probable monetary policy switch, the asset class is expected to turn increasingly sensitive to interest rate changes.
The United States was at the helm of this outflow trend with $318 million taken out from various digital asset investment products. Other parts of Europe also saw some outflows, particularly $7.3 million from Germany and $4.3 million in Sweden. Modest inflows into Switzerland and Canada added up to $5.5 mln and $13 mln, respectively, but still indicate that investors are somewhat interested in the markets.
Solana and Blockchain Equities Attract Investor Interest Despite Market Outflows
The most significant negative was Bitcoin, posting outflows of $319 million. On the other hand, short Bitcoin investment products attracted investment for their second consecutive week, taking the total inflows to $4.4 million this week- the highest since March this year. This could thus suggest that more and more investors are interested in hedging strategies as they continue to watch prices fall.
Ethereum, meanwhile, saw $5.7 million in outflows, with trading volumes capped at about 15% of their level during the week the U.S. ETFs began trading. This is roughly the same level as volumes ahead of the ETF launches. On the bright side, Solana recorded inflows of $7.6 million, indicating that there’s a fraction of investor confidence in the altcoin.
Conversely, blockchain equities bucked the trend, posting inflows of $11 million, primarily into investment products focused on Bitcoin miners.
Visited 5 times, 5 visit(s) today