Last week, blockchain-related equities saw an inflow of $8 million, indicating an improvement in market sentiment.īitcoin rose 1.47% over the past seven days and regained $25,000 on Sunday, according to CoinMarketCap. It also comes at a time of low trading volume and a recovery in prices, suggesting there could be an element of minor profit-taking.” “It is difficult to discern if this is a meaningful change in sentiment given its small size, although minor outflows were seen across a broad set of providers. The most notable were Australia, Brazil, and Switzerland, with outflows of $800,000, $1 million, and $600,000, respectively.Īccording to a report by James Butterfill, an investment strategist at CoinShares: The corresponding outflows from other regions are not particularly large. Canadian outflows totalled $26 million, $10 million outflows from the U.S., accounting for the majority of outflows, and inflows to European exchanges totalled $20 million. Per the statistics from Coinshares show that capital outflows are distributed across regions. ProShares, Purpose, 3iQ Digital Asset Management and CI Investments crypto investment providers all saw corresponding outflows. However, falling Bitcoin short positions flowed into $2.6 million. 12, according to digital asset management firm Coinshares, ending a six-week run of inflows for the cryptocurrency industry.īitcoin ( BTC) accounted for the lion’s share of these outflows with $21 million, driving a 2-week streak of outflows throughout August. Outflows from crypto investment products reached $17 million in the week ended Aug.
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