Crypto Products Face $305 Million Weekly Outflows Amid Negative Market Sentiment – Report

Quick Summary:

A recent report revealed that crypto-based investment products saw significant outflows last week.

The negative flows, led by the largest cryptocurrency by market capitalization, surpassed $300 million on August 31, suggesting a broader adverse sentiment among investors in various regions.

The US led the negative net flows regionally with $318 million outflows from August 26 to August 31.

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Article Details

Author / Journalist: Rubmar Garcia

Category: Crypto

Markets: HungaryCanadaGermanySweden

Topics: Crypto Investment Funds ETH Ethereum ETFs Crypto Market Solana ETP Crypto Sentiment Bitcoin ETPs Exchange Traded Fund ETF Total Crypto ETFs Crypto ETPs Ethereum BTCUSDT Crypto News Coinshares Research Bitcoin Btc

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-03 @ 01:30:46 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 474 words

Reading Time: 3 minutes read

Sentences: 35 lines

Sentence Length: 14 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 22339051

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About Bitcoinist

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 38 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 8 hours ago

Coverage Areas: Hungary

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Publisher ID: #105

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