Crypto investment products turned green last week after seeing net inflows of $176 million.
Digital asset products saw $176 million in net inflows last week amid the general market decline. Ethereum -based products saw the highest inflows, recording $155 million as Bitcoin ETFs struggled. Marathon Digital could help Bitcoin rally following plans to buy back $250 million worth of BTC. Meanwhile, Marathon Digital plans to add to its Bitcoin holdings with convertible note offerings worth $250 million as the crypto market recovery looks imminent.
This brought its year-to-date net flows to $862 million, its highest since 2021. On the other hand, Bitcoin ETFs were hit hard at the start of the week with outflows but recorded inflows as the week progressed, bringing its total net inflows to $13 million at the end of the week. Additionally, Short Bitcoin ETPs saw outflows of $16 million — its largest outflow record since May 2023 — despite the market dip. Flows by Asset Bitcoin is down 1.
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.com Launches V-Card Debit Card In Self-Custody Bitcoin and Crypto DeFi Wallet AppBitcoin.com Launches V-Card Debit Card In Self-Custody Bitcoin and Crypto DeFi Wallet App
Read more »
Crypto Today: Bitcoin less than 10% away from all-time high, what's next in cryptoAR/USDT daily chart Arweave (AR) could suffer nearly 8% correction before rallying towards $38.19, its 61.8% Fibonacci retracement of the decline from its May 20 top of $49.55 to its July 5 low of $19.80.
Read more »
Crypto shares surge after Trump emerges as the crypto candidate at world's largest Bitcoin conferenceCrypto shares also soared after Trump was shot in an assassination attempt and investors bet on him winning the election.
Read more »
Bitcoin.com Launches V-Card Debit Card In Self-Custody Bitcoin and Crypto DeFi Wallet AppCrypto Blog
Read more »
Bitcoin Price Yields to Mt Gox Giant Transactions with Sudden FallBitcoin suddenly reverses to print a decline as the following event hit the crypto marke
Read more »
Bitcoin Mining Giant Buys $100 Million Worth of BTC Amid Price PlungeMarathon Digital has scooped up $100 million worth of Bitcoin
Read more »