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Crypto Funds Bleed $1.17B After October Liquidity Shock – Except SOL, XRP


by Chayanika Deka
for CryptoPotato
Crypto Funds Bleed $1.17B After October Liquidity Shock – Except SOL, XRP

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Digital asset funds experienced another difficult week as investors withdrew $1.17 billion. This was the second week in a row of steep outflows. Confidence remains fragile after the October 10th liquidity shock, and macro uncertainty over the Fed’s December policy decision continues to weigh on positioning. CoinShares found that ETP trading volumes, however, stayed strong at roughly $43 billion.

On Thursday, flows briefly improved as headlines suggested movement toward averting the US government shutdown. But that brief window of optimism vanished quickly. By Friday, negative sentiment returned, and capital exited again as concerns re-emerged and markets priced in continued policy and fiscal uncertainty. Interestingly, altcoins have managed to largely defy the trend.

Read the article at CryptoPotato

In This News

Coins

$ 1.37

-1.33%

$ 0.035

$ 80.24

-1.27%

Share:

In This News

Coins

$ 1.37

-1.33%

$ 0.035

$ 80.24

-1.27%

Share:

Read More

Bitcoin stuck near $66K, XRP below $1.40: analysts expect more pain ahead

Bitcoin stuck near $66K, XRP below $1.40: analysts expect more pain ahead

Major cryptocurrencies remained under pressure as weak sentiment and broader market v...
How Goldman Sachs is betting on crypto with its billion-dollar strategy

How Goldman Sachs is betting on crypto with its billion-dollar strategy

Goldman Sachs once dismissed crypto as risky and speculative.

Crypto Funds Bleed $1.17B After October Liquidity Shock – Except SOL, XRP


by Chayanika Deka
for CryptoPotato
Crypto Funds Bleed $1.17B After October Liquidity Shock – Except SOL, XRP

Share:

Digital asset funds experienced another difficult week as investors withdrew $1.17 billion. This was the second week in a row of steep outflows. Confidence remains fragile after the October 10th liquidity shock, and macro uncertainty over the Fed’s December policy decision continues to weigh on positioning. CoinShares found that ETP trading volumes, however, stayed strong at roughly $43 billion.

On Thursday, flows briefly improved as headlines suggested movement toward averting the US government shutdown. But that brief window of optimism vanished quickly. By Friday, negative sentiment returned, and capital exited again as concerns re-emerged and markets priced in continued policy and fiscal uncertainty. Interestingly, altcoins have managed to largely defy the trend.

Read the article at CryptoPotato

In This News

Coins

$ 1.37

-1.33%

$ 0.035

$ 80.24

-1.27%

Share:

In This News

Coins

$ 1.37

-1.33%

$ 0.035

$ 80.24

-1.27%

Share:

Read More

Bitcoin stuck near $66K, XRP below $1.40: analysts expect more pain ahead

Bitcoin stuck near $66K, XRP below $1.40: analysts expect more pain ahead

Major cryptocurrencies remained under pressure as weak sentiment and broader market v...
How Goldman Sachs is betting on crypto with its billion-dollar strategy

How Goldman Sachs is betting on crypto with its billion-dollar strategy

Goldman Sachs once dismissed crypto as risky and speculative.