Bitcoin (BTC) and Ethereum (ETH) Lead as Crypto Investment Products Experience Significant Outflows

• For the fourth consecutive week, cryptocurrency investment products have seen significant outflows, totaling $251 million, indicating a concerning shift in the sector.
• These outflows have been most noticeable in the United States, where newly launched ETFs experienced their first outflows.
• The average buying price for Bitcoin since the inception of these ETFs has been recorded at $62,200, contrasting sharply with last week’s price drop to below 10% of this level.

Amidst a concerning shift in the crypto sector, investment products have recorded significant outflows for the fourth straight week, particularly in the United States where newly launched ETFs experienced their first outflows.

How Are Different Regions Responding?

The U.S. has been at the forefront of these outflows, reporting a staggering $504 million. However, other regions like Canada, Switzerland, and Germany have also experienced smaller but significant outflows, totaling $9.6 million, $9.8 million, and $7.3 million, respectively. On the other hand, Hong Kong recently launched spot B... Read the full article for FREE at COINOTAG!