Bitcoin (BTC) & Ethereum (ETH) Experience $251M Outflow: Unveiling the Hidden Aspects of Last Week’s Crypto Market

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Recent outflows in digital asset investments have reached $251 million, influenced by newly issued ETFs and regional trends.
However, the launch of spot-based Bitcoin and Ethereum ETFs in Hong Kong has led to a significant rebound in inflows.
The article will delve into these developments, providing insights and analysis on the current state of the crypto market.

Explore the recent $251 million outflow in digital asset investments and the rebound in inflows with the launch of Bitcoin and Ethereum ETFs in Hong Kong.

Significant Outflows in Digital Asset Investments

Digital asset investment products saw a substantial $251 million outflow last week, with notable impacts from newly issued Exchange-Traded Funds (ETFs) in the United States. These ETFs were launched amid high anticipation, with an estimated average purchase price of $62,200 per bitcoin. However, as the price of bitcoin declined by 10% below this level, it likely triggered automatic sell orders, contributing to the outflow.

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14m ago•