Crypto funds bleed $812M, but Solana bucks the trend with gains
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Bitcoin and Ether ETPs suffered heavy outflows last week while Solana stood out with $291 million in inflows, likely driven by anticipation of US ETF launches.
Cryptocurrency investment products failed to extend their inflow streak last week as spot prices declined.
Global crypto exchange-traded products (ETPs) recorded $812 million of outflows in the week ending Friday, ending a two-week run of inflows, CoinShares reported on Monday.
Total assets under management (AUM) declined to $221 billion from the record-setting $241 billion seen in the previous week, likely due to fading confidence over US interest rate cuts, CoinShares’ head of research, James Butterfill, wrote.
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