Ethereum Bleeds $912M in Outflows – 7 Straight Days of Investor Exodus
Last week, digital asset investment products shed $352 million, as investors remained cautious despite a supportive backdrop of softer US payrolls and growing expectations for a September rate cut. Alongside, trading volumes tumbled 27% week-over-week, in what appears to be signs of waning short-term interest.
Even so, year-to-date inflows climbed $35.2 billion, outpacing last year’s $48.5 billion annual tally by 4.2% on an annualized basis, which, according to CoinShares, points to the broader positive sentiment being intact.
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Ethereum Bleeds $912M in Outflows – 7 Straight Days of Investor Exodus
Last week, digital asset investment products shed $352 million, as investors remained cautious despite a supportive backdrop of softer US payrolls and growing expectations for a September rate cut. Alongside, trading volumes tumbled 27% week-over-week, in what appears to be signs of waning short-term interest.
Even so, year-to-date inflows climbed $35.2 billion, outpacing last year’s $48.5 billion annual tally by 4.2% on an annualized basis, which, according to CoinShares, points to the broader positive sentiment being intact.
Read More