Main notes
- Investment products recorded $ 223 million in external flows after 14 weeks of flows.
- Bitcoin (BTC) flows reached $ 404 million and an effect on the entire market.
- IBIT of Blackrock witnessed weekly flows of $ 749 million, which increased his highness in the ETF market.
After 14 consecutive weeks of flows, investment products in digital assets recorded $ 223 million of external encryption flows. This sudden decline is believed to be a reaction to the federal reserve signs and the strongest economic data of the United States.
Bitcoin leads Crypto Asset Investment Products EUTLOWS
Coinshares recently Published Volume 245 of the “Digital Assets Fund” flows on the weekly report.
According to this document, the total external flows of digital investment products reached $ 223 million by the end of the week. This represents the first external flow recorded by this category of assets last week.
The week started with a good note, with about $ 883 million in flows, but it wasn’t long before reversing the direction. Unfortunately, external flows from the last half of the week overcame the previous positive feelings. From all encrypted currencies, the pioneering bitcoin
BTC
$ 114 $ 370
24 hours fluctuation:
0.4 %
The maximum market:
$ 2.28
Folder. 24h:
$ 24.52 b
He led external flows, lost up to $ 404 million to the bear momentum.
Given that the market decline is attributed to a series of better economic data than the United States, including FOMC Falcons, the reaction of this currency reflects a high sensitivity to monetary policy.
On the other hand, ethereum
Eth
$ 3 553
24 hours fluctuation:
1.7 %
The maximum market:
428.92 dollars b
Folder. 24h:
19.71 dollars b
The second largest encrypted currency depending on the maximum market, and continued its direction. Specifically, it recorded about $ 133 million in flows, with the completion of the 15th consecutive week of flows.
Proverbs Testimony LaboratoryXRP
Xrp
$ 2.99
24 hours fluctuation:
3.8 %
The maximum market:
$ 177.31 b
Folder. 24h:
$ 4.88 b
Solana
Teller
162.0 dollars
24 hours fluctuation:
0.0 %
The maximum market:
87.24 dollars b
Folder. 24h:
$ 4.13 b
And Cardano
Lead
0.74 dollars
24 hours fluctuation:
1.7 %
The maximum market:
$ 26.66 b
Folder. 24h:
967.50 dollars
It also attracted noticeable flows. Similarly, these digital assets are currently in “green” in terms of price. According to CoinmarketCap data, XRP is commerce At $ 3 after obtaining 5 % profit in 24 hours.
Sol price was traded at $ 163.09 and ADA at $ 0.7393, with an increase of 1.23 % and 2.23 %, respectively. Bitcoin It is also traded at 114,446.03 dollars, and is ranked 0.7 % over the past 24 hours.
Blackrock Ibit continues to control the ETF market
ISHARES Bitcoin Exchange money traded at Blackrock in the United States got up to $ 749 million in weekly flows. This also repeats its location as the investment funds circulating in the broader market.
In about 18 months, the investment funds circulated in the United States in the United States have gained a huge traction. However, a lot of euphoria surrounds the Blackrock version of this box.
As of mid -July, Ibit was successful Through $ 80 billion, with total properties exceeding 706,000 BTC. This stars gave the fastest growing ETF sign of its kind. The most interesting is the fact that even exceeded the traditional traditional investment funds.
It took it from SPDR Gold Shares Etf (GLD), the biggest golden etf by assets, more than 15 years to achieve a similar milestone.
Moreover, 700,000 BTC in holdings is more than the total Bitcoin Bitcoin in the strategy by about 80,000 BTC. The business intelligence company and software led by Michael Sailor recently prompted its total Bitcoin Hold to 628,791 units With additional acquisition of 21,021 BTC. The purchase was made at $ 74.26 billion at a purchase rate of $ 117,256 per BTC.
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Slip: Coinspeaker is committed to providing unbiased and transparent reports. This article aims to provide accurate and timely information, but it should not be considered financial or investment advice. Since market conditions can change quickly, we encourage you to check your information and consult with a professional before making any decisions based on this content.
Benjamin Jodfrey is a blockchain lover and journalist who enjoys writing about the real life applications of Blockchain technology and innovations to pay public acceptance and complementarity all over the world for emerging technology. His desire to educate people about encrypted currencies inspire his contributions to the media and famous sites in Blockchain.
The post Crypto Products End 14-Week Inflows With $223M Outflow first appeared on Investorempires.com.
