XRP and Solana were outliers this week with inflows of $0.66 million and $0.31 million respectively.
For the sixth straight week, digital asset investment products experienced outflows, amounting to $9 million in the previous week. While this is significantly lower than the previous week which was characterized by sour investor sentiment with extensive outflows, the weekly trading volumes remained sluggish at just $820 million, significantly below the year-to-date average of $1.3 billion.
Over the last 22 weeks, outflows have surpassed 78% of assets under management , indicating that investors are persistently abandoning their short positions. CoinShares further noted that investors appear to be increasingly becoming more “discerning” in the altcoin space, with continued inflows into XRP and Solana totaling $0.66 million and $0.31 million, respectively.week, the current one also showcased a notable contrast in sentiment across different regions. Investors exhibited a bullish attitude toward Europe, pouring in a substantial $16 million amidst what they perceived as a chance to capitalize on regulatory setbacks.
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.
German Business Sentiment Worsened for Fifth Straight Month in SeptemberBy Ed Frankl Business sentiment in Germany weakened even further in September, the fifth consecutive month of decline, with the economic outlook remaining...
Read more »
German business sentiment worsens in SeptemberGerman business morale deteriorated in September, falling for the fifth month in a row, a survey showed on Monday.
Read more »
German business sentiment worsens in September -Ifo By ReutersGerman business sentiment worsens in September -Ifo
Read more »
German export sentiment drops to three-year lowGerman export sentiment drops to three-year low - Ifo
Read more »
Dow futures fall sharply; sentiment hit by hawkish Fed, rising yields By Investing.comDow futures fall sharply; sentiment hit by hawkish Fed, rising yields
Read more »
WGA Deal: How Quickly Will Sidelined Daytime Talk Shows Like ‘Drew Barrymore’, ‘Jennifer Hudson’ & ‘The Talk’ ReturnThe 2023-24 television season started without several of the most prominent daytime talk shows, the syndicated The Drew Barrymore Show, The Jennifer Hudson Show and The Kelly Clarkson Show and CBS&…
Read more »