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Home ยป Crypto Investment Products Experience Fourth Consecutive Week of Continued Outflows
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Crypto Investment Products Experience Fourth Consecutive Week of Continued Outflows

By adminMay. 7, 2024No Comments1 Min Read
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Crypto Investment Products Experience Fourth Consecutive Week of Continued Outflows
Crypto Investment Products Experience Fourth Consecutive Week of Continued Outflows
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Investors withdrew a total of $251 million from crypto asset investment products for the fourth week in a row. This week, there were measurable outflows of $156 million from newly launched ETFs in the US, marking the first occurrence of such outflows. It is worth mentioning that the average buying price for Bitcoin in these ETFs has been $62,200 per coin. Last week, the price of BTC fell below 10% of this level, potentially leading to the activation of sell orders.

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