Crypto CoinShares Reports $251M Digital Asset Outflows for Fourth Consecutive Week

• Digital assets are experiencing outflows for the fourth consecutive week, with a total of $251 million. This marks the first time that newly issued ETFs in the US have seen “measurable outflows”, totaling $156 million last week.
• The average purchase price of these ETFs since their launch is estimated to be $62,200 per bitcoin. With the price dropping 10% below this level, it is speculated that automatic sell orders may have been triggered.
• Bitcoin remains the primary focus of these outflows, totaling $284 million. It is the only digital asset to have seen outflows this week.

Digital asset investment products have seen outflows for the fourth week in a row, with Bitcoin being the primary focus. This article explores the details and potential implications of this trend.

Bitcoin Outflows Dominate

Bitcoin, the largest and most well-known cryptocurrency, has seen outflows totaling $284 million. This makes it the only digital asset to have seen outflows this week, highlighting the current bearish sentiment towards Bitco... Read the full article for FREE at COINOTAG!