Crypto Investment Products See Continuous Outflows, Nearing $500 Million in Nine Weeks
Capital continued to flow out of crypto-backed investment funds last week, with total outflows for the past nine weeks now nearing $500 million. According to crypto research and investment firm CoinShares’ latest crypto...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
According to crypto research and investment firm CoinShares’ latest crypto fund flows report, outflows for last week alone came in at $54 million, a slight improvement from outflows of $59 million the week before, but a worsening from $11.2 million in outflows two weeks ago....
Read More: Crypto Investment Products See Continuous Outflows, Nearing $500 Million in Nine Weeks
Why this matters
This cryptocurrency 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
Kraken Gets Final Dubai Crypto License, Plans UAE Launch Within Weeks
Kraken's parent Payward received Full Market Approval from Dubai's Virtual Assets Regulatory Authority (VARA) today (Monday). Krak...
Strategy Spends $192 Million Buying Back Its Preferred Stock, Nearly Nine Times Its Bitcoin Buy
Strategy directed most of its spending last week toward its own preferred stock rather than bitcoin. The company announced on Mond...
BlackRock’s IBIT accounts for all $65.4 million in Bitcoin ETF outflows on October 12
The isolated outflow from BlackRock's IBIT highlights investor-specific decisions, underscoring the influence of major ETFs on Bit...
XRP Price Slid as Bitwise Drives $11 Million ETF Inflows
U.S. spot XRP ETFs drew $11.31 million in net inflows between October 5 and October 9, even as XRP fell from about $1.52 to $1.40...
Standard Chartered brings Ripple’s RLUSD into banking custody after $765 million quarterly surge
Standard Chartered has launched custody for Ripple's RLUSD stablecoin as it prepares to expand its use as collateral for instituti...
Tom Lee’s Bitmine Nears 5% of Ether Supply, Trims Weekly Buy to 12,532 ETH
Bitmine Immersion Technologies (NYSE: BMNR) held 6,028,946 ETH as of Oct. 11, the Ethereum treasury company said in a press releas...