menu
techminis

A naukri.com initiative

google-web-stories
source image

Bitcoinist

4w

read

325

img
dot

Image Credit: Bitcoinist

Investors Pour $224M Into Crypto Funds, But Bitcoin’s Outflows Raise Eyebrows

  • Crypto asset investment products attracted $224 million in net new money last week, marking the seventh consecutive week of positive flows totaling $11 billion during this period.
  • Ethereum saw significant inflows with $296.4 million in new investments, while Bitcoin experienced outflows for the second consecutive week, losing $56.5 million.
  • The uncertain sentiment among investors is attributed to the US Federal Reserve's decision on interest rates, leading to some capital remaining on the sidelines awaiting clearer macroeconomic signals.
  • The United States led all regions in net inflows for digital asset investments, while altcoin activity remained subdued, with Sui registering minor inflows and XRP seeing its third consecutive week of outflows.

Read Full Article

like

19 Likes

For uninterrupted reading, download the app