CoinShares: $251 million outflow from digital asset investment products last week
Golden Finance reported that according to the CoinShares report, global digital asset investment products have seen outflows for the fourth consecutive week, totaling $251 million. It is particularly noteworthy that newly issued ETFs in the United States recorded measurable outflows for the first time this week, reaching $156 million. At the same time, Hong Kong successfully launched spot-based Bitcoin and Ethereum ETFs, attracting $307 million in inflows in the first week. In addition, Ethereum broke the trend of seven consecutive weeks of outflows and recorded $30 million in inflows last week. Although Bitcoin saw an outflow of $284 million this week, other digital assets such as Avalanche, Cardano, and Polkadot showed inflows of $500,000, $400,000, and $300,000, respectively.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
CleanSpark reports $162.3 million in quarterly revenue: 'Why buy bitcoin at current prices when we can mine it for $34,000?'
CleanSpark generated revenue of $162.3 million in the fourth quarter of 2024, up 120% year-over-year.The Bitcoin miner reported net income of $246.8 million and adjusted EBITDA of $321.6 million for Q4 — also up significantly from the same period in 2023.
Bitcoin price seasonality data calls for $120K in Q1, but leverage remains BTC’s ‘biggest risk’
Bitcoin’s historical price data favors new all-time highs in Q1, but liquidity gaps below $80,000 could pull the price lower in the short term.
Trending news
MoreCrypto prices
More
