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CoinShares: Last week, digital asset investment products saw outflows of $726 million, matching the largest outflow record

CoinShares: Last week, digital asset investment products saw outflows of $726 million, matching the largest outflow record

CointimeCointime2024/09/09 11:53
By:Cointime

According to a report by CoinShares, the total outflow of digital asset investment products reached $726 million last week, which is equivalent to the largest outflow record set in March this year. Analysis indicates that this negative sentiment was driven by stronger-than-expected macroeconomic data last week, which increased the possibility of a 25 basis point cut by the Federal Reserve. Bitcoin had a total outflow of $643 million, with $3.9 million in short Bitcoin inflows. Ethereum had a total outflow of $98 million, while Solana had the highest inflow of funds among all cryptocurrencies, totaling $6.2 million.

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