Crypto investors took a breather on Bitcoin-related investment products last week, tracking $13 million of outflows, according to CoinSharesCo.
Flows by the top digital asset investment products. Source: CoinShares.
The apparent change of heart follows Ripple’s partial victory against the United States Securities and Exchange Commission on July 13, where the court ruled thatThe news spiked XRP’s price up 76% to $0.83 before cooling off to $0.69 at the time of writing.Bitcoin however still remains the dominant digital asset investment product, with $558 million in inflows so far in 2023 and a total of $25.0 billion in assets under management — amounting to 67.4% of the total market share.
with the SEC since mid-June, including BlackRock, ARK Invest, Fidelity, Galaxy Digital, VanEck, Valkyrie Investments, NYDIG, SkyBridge and WisdomTree.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Crypto Investors Sour on Bitcoin Funds After Massive Inflows, Turn Instead to Ether and XRP$BTC investment products suffered $13 million of outflows last week, according to CoinSharesCo, breaking the trend of steady inflows since BlackRock’s spot bitcoin ETF filing in mid-June. sndr_krisztian reports
Read more »
Bitcoin funds see $13 million in outflows while ether, XRP buck the trendDigital asset investment products saw a $6.5 million weekly outflow, bucking a trend that saw $742 million pour in over the prior four weeks.
Read more »
SEC’s appeal won’t be a setback for XRP holders — Pro XRP lawyerJohn Deaton says a potential SEC appeal won’t significantly affect XRP holders.
Read more »
Mark Cuban Criticizes SEC Approach in Ripple-XRP Case – Regulation Bitcoin NewsMark Cuban has weighed in on the U.S. Securities and Exchange Commission (SEC) v. Ripple case regarding XRP.
Read more »
Buy/Sell Bitcoin, Ether and Altcoins | Cryptocurrency Exchange | BinanceGain access to institutional level loans with Binance VIP. Our latest BinanceBuild update makes it easy to apply for low cost, high liquidity loans. Learn more ➡️
Read more »
Bitcoin Drops to $29K Amid Binance Story, China Woes; XRP, SOL Lead Altcoin Slump$BTC dipped as low as $28,872 on Monday, the lowest price since June 21, and could be headed toward the $27,000 level due to a lack of positive news and muted summer trading sessions, one observer said. By sndr_krisztian, godbole17, shauryamalwa
Read more »