CoinShares' digital assets weekly report on Monday revealed that crypto ETFs saw their highest outflows since March, totaling $725.7 million.
Digital asset products record highest outflows since March, totaling $725.7 million. US Bitcoin ETFs saw the highest outflows following the release of lower-than-expected macroeconomic data. Ethereum ETFs saw further outflows of $98 million, while Solana ETFs recorded minor inflows. CoinShares' digital assets weekly report on Monday revealed that crypto ETFs saw their highest outflows since March, totaling $725.7 million.
Among digital asset classes, Bitcoin ETFs were the most affected, recording outflows totaling $643 million. BTC also witnessed a significant dip in its price, diving below $54K before seeing a slight correction on Monday. The decline follows August's NFP report, which noted an in-line unemployment rate of 4.2% but lower-than-expected jobs growth. Weekly Crypto Asset Flows Investors have now turned their focus toward the US Consumer Price Index data report slated for Wednesday.
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.
Here’s What You Need to Know Before the Democratic National Convention BeginsThe Democratic National Convention will last from Monday, August 19 until Thursday, August 22.
Read more »
Weekly Horoscope: August 25 - August 31See what this weekly horoscope has in store for you, including why the end of Mercury retrograde doesn't mean we're totally out of the woods.
Read more »
Weekly Horoscope: August 18 - August 24See what this weekly horoscope has in store for you, including why this may be the worst week of 2024.
Read more »
Weekly Horoscope: August 11 - August 17See what this weekly horoscope has in store for you, and why you should tread lightly this week in your relationships.
Read more »
Today’s NYT ‘Strands’ Hints, Spangram And Answers For Monday, August 26I write about the art, business and culture of video games, with a focus on Overwatch 2. I also cover casual word games, such as Connections, Strands and Quordle. Along with my work at Forbes, I'm a contributing reporter at Engadget. In addition to games, I write about tech, film, TV and the internet.
Read more »
NYT ‘Strands’ Hints, Spangram And Answers For Monday, August 19thErik Kain is a writer and critic covering TV shows, movies, video games and books primarily in the 'genre' category including fantasy, science-fiction, mysteries, thrillers, post-apocalytpic stories and more. He was a 2014 Shorty Award finalist. His work has appeared in The Atlantic, Mother Jones and The National Review.
Read more »