Crypto-based investment products witnessed largest outflows since March 2023, when US announced tightened regulation for exchanges
Bitcoin-based funds suffered the worst: they are responsible for a $149 million outflow. At the same time, funds based on XRP, Cardano , Litecoin and Solana witnessed an inflow of funds.
Many investors are continuing to sell their short positions, seeing $4 million outflows last week, with the last 18 week run of outflows representing 89% of total AUM. This negative sentiment we believe is due to the increasing acceptance that a spot-based ETF for Bitcoin in the US is likely to take longer than many expect, with recent delays being announced by the SEC.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
New XRP Token, XRP+, Unleashed as Part of Smart Contract Revolution on XRPLNew game-changing smart contract sidechain 'Xahau' for XRP Ledger presented by Evernode
Leer más »
Almost Billion XRP Withdrawn from Crypto Exchange in Past Two Days, Price Drops 2.34%Two massive chunks of XRP transferred from major European crypto exchange over weekend
Leer más »
Mastercard and Binance Ending Crypto Card Partnership; Bearish Outlook Engulfs Crypto MarketVanderbilt Law School associate dean and professor Yesha Yadav discusses the significance of payment giants Visa and Mastercard paring back their ties with Binance. Hashdex CIO Samir Kerbage weighs in on the key trends and developments in the crypto asset market as bitcoin (BTC) briefly slumps below $26,000. And, Taxbit head of government relations Miles Fuller reacts to the IRS finally proposing rules for crypto tax reporting.
Leer más »
Crypto funds see largest outflows since March as sentiment soursCrypto investment products saw outflows totaling $168 million last week, marking the largest since a U.S. regulatory crackdown in March.
Leer más »
Biden commemorating 60th anniversary of the March on Washington: 'We continue the march forward'Massive crowds gathered on the National Mall this weekend to honor the 60th anniversary of Rev. Martin Luther King Jr.'s March on Washington.
Leer más »
Ripple (XRP) Attracts South Korea's Young Investor Crowd: ReportXRP investment ratio was high among all age groups, including those in their 20s.
Leer más »