Crypto’s Six-Week Bleed Out: XRP And Solana Defy The Outflow Downtrend
With contrasting events in the industry, crypto investment products have witnessed a continuous outflow for the sixth week. Some altcoins demonstrate resilience in this trend, defying the broader market sentiment. Dissecting The Crypto Outflow Trend Crypto funds have witnessed a net outflow of $9 million in the past week, taking the total to roughly $464 million over the last ten weeks, according to Coinshares’ latest digital asset fund flow weekly report. Related Reading: Crypto Fund Flows: Millions Exit Bitcoin, But These Three Coins Hold Their Ground Relevant digital asset....
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Investment products in the crypto arena have recently reported net inflows of $21 million, breaking a persistent six-week drought. With the crypto market’s future continuously debated among experts, such inflows mark a possible resurgence of confidence among investors. The top cryptocurrency remained at the forefront of this resurgence, capturing most of the inflow. But as Bitcoin continues its dominance, emerging coins like Solana also signify the diversifying landscape of the crypto world. Amid these positive indicators, the Ethereum token, however, tells a different story. Related....
According to a CoinShares report published earlier today, global crypto investment products related to Bitcoin (BTC) and Ethereum (ETH) experienced total outflows of $1.1 billion over the past week. In contrast, Solana (SOL) investment products attracted $291 million in inflows. Bitcoin, Ethereum Products Bleed While Solana Shines Crypto investment products experienced a total net outflow […]
In a significant development, the bearish action of the Solana price is currently spilling into the SOL-backed Treasury reserves. A recent report shows that corporate treasury companies are experiencing a sharp decline in their SOL holdings in the shadow of broader market unease. Corporate Solana Reserves Continue To Bleed Solana is experiencing a notable development […]
With the crypto market showing signs of recovery, both the XRP and Solana Exchange Traded Funds (ETFs) have attracted significant investor interest. The rivalry among major crypto ETFs has intensified, with XRP taking the spotlight amid its consistent surge in daily inflows and the Solana ETF recording significant outflows. Solana ETFs See Largest Outflow Yet […]
The Ethereum price action continues to stir controversy as market sentiment remains deeply bearish. Notably, a crypto analyst has predicted what they call “the most hated rally in crypto”, suggesting that ETH could defy expectations and surge higher, triggering intense skepticism from traders and investors. Ethereum Price Surge To Spark Controversy Using the Elliott Wave […]