$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
) earlier this month sent BTC’s price to a fresh yearly high, before its price quickly reverted below $30,000. The ruling, however, improved investor confidence in altcoins – alternative crypto assets to BTC – which was underscored by positive fund flows through last week.
ETH-focused investment products enjoyed the largest inflows among all cryptocurrencies, totaling $6.6 million. The growth suggests that “sentiment, which has been poor this year, is beginning to turn around” for the second largest crypto asset, noted James Butterfill, head of research at CoinShares. XRP funds experienced $2.6 million of inflows, totaling $6.8 million, or 8% of all assets under management inflows, over the last 11 weeks. “This implies investors are increasingly confident in the outlook for XRP,” Butterfill said.
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.
Bitcoin Drops to $29K as WSJ Ratchets Up Binance Issues, China Warns of ‘Torturous Recovery’Bitcoin dropped more than 2.5% after a WSJ report revived Binance concerns and China's Politburo did not signal large scale stimulus. reports godbole17
Read more »
Canadian Police Warn of Surge in Home Invasion-Style Robberies Targeting Affluent Crypto Investors – Bitcoin NewsThe Canadian police said they had dealt with multiple robberies involving prominent cryptocurrency investors over the past year.
Read more »
U.S. House Republicans Introduce Crypto Oversight Bill With Changes From June Draft“The crypto industry wants clarity,” HouseGOP members say. They introduced a new crypto oversight bill this week that aims to establish a regulatory framework to protect investors in the crypto sector.
Read more »
Lake County man charged in June shootingA suburban man was charged with shooting a home in Green Oaks last month.
Read more »
Solana's Parrot Protocol submits proposal to go tokenless, investors risk face -89% returnsThe proposal, up for vote until July 27, calls for the redemption of PRT tokens for liquid treasury value, and the transition to a no-token protocol.
Read more »
XRP Holders' Lawyer Predicts What Might End SEC's Plausible AppealICYMI: John Deaton shares what will happen if the SEC appeals XRP ruling Ripple $XRP XRPcommunity XRPArmy
Read more »