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Bitcoin vs. Ethereum: Institutional Investors Diverge as Digital Asset Funds See Outflows


Jul, 01, 2024
< 1 min read
by CoinEdition
Digital Asset Market Sees Mixed Performance Amid Significant Outflows
  • Digital asset outflows reached $30 million in three weeks.
  • Bitcoin and multi-asset investments see positive inflows despite overall market caution.
  • The U.S. leads regional inflows, while Germany, Canada, Hong Kong, and Switzerland experience substantial outflows.

Digital asset investment funds have experienced $30 million in outflows over the past three weeks, with Ethereum facing its largest withdrawals since 2022, according to recent data.

Earlier in the week, most Exchange-Traded Funds (ETF) investment vehicles posted minor outflows, contrasting with previous performances. iShares ETFs recorded a positive inflow of $84 million, with a month-to-date (MTD) total of $1.1 billion. Fidelity ETFs also reported inflows of $13 million, adding to their year-to-date (YTD) total of $9.2 billion.

However, these positive inflows were offset by Grayscale Investments’ significant outflow of $153 million during the same period. Meanwhile, trading volume rose by 43% compared to the previous week, although this figure remains below the $14.2 billion weekly average for 2024.

Bitcoin remained the most popular asset in the cryptocurrency market, attracting $10 million in…

The post Bitcoin vs. Ethereum: Institutional Investors Diverge as Digital Asset Funds See Outflows appeared first on Coin Edition.

Read the article at CoinEdition

Read More

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MainNewsBitcoin vs. ...

Bitcoin vs. Ethereum: Institutional Investors Diverge as Digital Asset Funds See Outflows


Jul, 01, 2024
< 1 min read
by CoinEdition
Digital Asset Market Sees Mixed Performance Amid Significant Outflows
  • Digital asset outflows reached $30 million in three weeks.
  • Bitcoin and multi-asset investments see positive inflows despite overall market caution.
  • The U.S. leads regional inflows, while Germany, Canada, Hong Kong, and Switzerland experience substantial outflows.

Digital asset investment funds have experienced $30 million in outflows over the past three weeks, with Ethereum facing its largest withdrawals since 2022, according to recent data.

Earlier in the week, most Exchange-Traded Funds (ETF) investment vehicles posted minor outflows, contrasting with previous performances. iShares ETFs recorded a positive inflow of $84 million, with a month-to-date (MTD) total of $1.1 billion. Fidelity ETFs also reported inflows of $13 million, adding to their year-to-date (YTD) total of $9.2 billion.

However, these positive inflows were offset by Grayscale Investments’ significant outflow of $153 million during the same period. Meanwhile, trading volume rose by 43% compared to the previous week, although this figure remains below the $14.2 billion weekly average for 2024.

Bitcoin remained the most popular asset in the cryptocurrency market, attracting $10 million in…

The post Bitcoin vs. Ethereum: Institutional Investors Diverge as Digital Asset Funds See Outflows appeared first on Coin Edition.

Read the article at CoinEdition

Read More

Grayscale Unveils “Top 20” Crypto List, Bets on Ethereum and AI-Linked Tokens

Grayscale Unveils “Top 20” Crypto List, Bets on Ethereum and AI-Linked Tokens

Despite a year characterized by mixed performance across various crypto sectors, Gray...
Jul, 02, 2024
< 1 min read
by CoinEdition
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Although non-fungible token (NFT) markets showed improved performance over the past w...
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