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Crypto Investors Hit the Exit Button: $6.4 Billion Leaves Digital Assets


Crypto Investors Hit the Exit Button: $6.4 Billion Leaves Digital Assets

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Digital Asset Outflows Hit $6.4B in Market Downturn
  • U.S. led digital asset outflows, contributing $1.16 billion, 93% of total losses.  
  • Bitcoin saw $5.4B in outflows over five weeks, marking significant market challenges.  
  • XRP recorded $1.8 million in inflows, bucking the trend amid broader crypto declines. 

Digital asset investment products have seen a downturn, with a total of $6.4 billion leaving the market during a tough period. This trend has continued for the fifth week in a row, bringing the total outflows for this period to $1.7 billion, which is the longest losing streak since 2015.

Despite the ongoing negative sentiment, inflows for the year are still positive at $912 million. However, these recurring outflows have caused total assets under management (AuM) to drop by $48 billion, showing just how volatile the market is.

Related: Massive Outflows Sha…

The post Crypto Investors Hit the Exit Button: $6.4 Billion Leaves Digital Assets appeared first on Coin Edition.

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Coins

$ 63.94K

+1.13%

$ 1.10

+0.72%

$ 0.00725

-0.28%

$ 0.00...361

$ 0.102

+2.95%

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