Jamie Crawley is a CoinDesk news reporter based in London.
Crypto investment products lost about $726 million last week, with bitcoin funds registering losses of $643 million, CoinShares said.
Spot bitcoin ETFs in the U.S. extended their losing streak to eight days for the first time since they listed in January, according to Bloomberg. Digital asset investment products suffered their highest net outflows since March last week, losing $725.7 million. Most of the money fled bitcoinproducts as investors withdrew from spot U.S. exchange-traded funds for the largest cryptocurrency for a record eight straight days.Bitcoin fell more than 8% during the week, closing out Friday at $54,000 having traded around $59,000 on Sept. 2. The period was a busy one for economic data out of the U.S.
Spot bitcoin ETFs in the U.S. experienced net outflows every day, part of an eight-day losing streak. That's the first time this has occurred since the funds started trading in January, This week, traders will be eyeing the U.S. release of August's Consumer Price Index on Wednesday and Producer Price Index on Thursday. Before then, on Tuesday, Donald Trump goes head to head with Kamala Harris in the first debate between the presidential candidates ahead of November's election.in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin.
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