Bitcoin Defies Trend as Crypto Funds Experience $342 Million Outflow Streak
Crypto-backed investment funds saw minor outflows totaling $11.2 million last week, marking the third consecutive week of outflows from the sector. The overall outflows mainly came as a result of significant outflows fro...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
The overall outflows mainly came as a result of significant outflows from altcoin-backed funds, and in particular those backed by Polygon’s native token MATIC, data from crypto investment and research firm CoinShares showed....
Read More: Bitcoin Defies Trend as Crypto Funds Experience $342 Million Outflow Streak
Why this matters
This bitcoin story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CryptonewsRelated market context
Bitcoin ETFs Lose $95 Million as Ether’s 5-Day Inflow Streak Comes to an End
Crypto ETF flows weakened on Thursday, July 9, as bitcoin ETFs posted a $95.30 million outflow and ether ETFs snapped a five-day i...
Live markets: Bitcoin ETFs bleed again while ether funds snap a five-day inflow streak
Spot bitcoin funds lost about $95 million on Thursday and ether funds roughly $52 million, ending the one bright spot in crypto's...
Tether Expands Its Footprint in Latin America With a $20 Million Investment in Mercado Bitcoin
The stablecoin giant announced that this investment will support Mercado Bitcoin’s expansion efforts in payment infrastructure, to...
Eric Trump’s American Bitcoin Sheds 95% From Peak, Erasing $600 Million From His Stake
American Bitcoin, the mining venture co-founded by Eric Trump, has collapsed since going public last year, and the damage is now l...
Crypto VC funds shift focus away from digital assets
VCs pivoting to AI and robotics signals a strategic shift, potentially reshaping investment landscapes and innovation priorities i...
New Hampshire Council Votes Down First-in-Nation $100 Million Bitcoin Bond
New Hampshire’s Executive Council voted down a proposed $100 million municipal bond backed by Bitcoin on Wednesday, killing what s...