CoinShares: $600 million outflow from digital asset investment products last week
According to a report by CoinShares, the outflow of digital asset investment products reached a total of $600 million last week, the largest outflow since March 22, 2024. This may be due to the FOMC meeting taking a stronger stance than expected, prompting investors to reduce their exposure to fixed supply assets. The outflow of funds was completely concentrated in Bitcoin, with an outflow amount of $621 million. Bearish sentiment also prompted $1.8 million to flow into Bitcoin short positions. Various altcoins saw inflows, with Ethereum, LIDO, and XRP leading the way.
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