Bitcoin sees first outflows in a month as Ethereum, XRP enjoy investors’ confidence | Headlines | News | CoinMarketCap

07/24/2023 23:24
Bitcoin sees first outflows in a month as Ethereum, XRP enjoy investors’ confidence | Headlines | News | CoinMarketCap

Digital assets investment products recorded $6.5 million in outflows this week after four consecutive weeks of inflows totaling $742 million, …

Digital assets investment products recorded $6.5 million in outflows this week after four consecutive weeks of inflows totaling $742 million, Coinshares reported on July 24.

This week’s outflows break the longest streak of inflows since late 2021, coinciding with the recent market downturn that saw Bitcoin’s (BTC) price dump to its lowest value since June 21.

Coinshares further reported that the trading volume for the week ending July 21 was $1.2 billion, below the year’s weekly average of $1.4 billion and significantly lower than the $2.4 billion recorded in the week ending July 14.

Ethereum, and XRP see inflows.

During the past week, Ethereum (ETH) investment products topped the leaderboard for inflows seeing $6.5 million in inflow.

James Butterfill, the head of Coinshares …

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