Bitcoin investment products saw around $600 million in outflows for a second consecutive week, the most over a two-week period since the US approved exchange-traded funds to hold the largest cryptocurrency in January.
Overall, digital asset products were hit with $584 million in outflows in the week ended June 21, data from CoinShares International Ltd. show. Bitcoin products accounted for the majority, with $630 million in outflows coming in the wake of another $600 million the prior week.
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Benjamin Taubman
https://www.bloomberg.com/news/articles/2024-06-24/bitcoin-funds-see-most-outflows-over-two-weeks-since-etfs-won-approval
2024-06-24 07:00:00
