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<p>The post <a rel="noopener noreferrer nofollow" href="https://coinpedia.org/news/bitcoin-and-ether-experience-significant-outflows-while-xrp-and-solana-see-inflows/">Bitcoin and Ether Experience Significant Outflows, While XRP and Solana See Inflows</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>In a recurring trend, cryptocurrency investment products have once again witnessed a downturn, marking their sixth consecutive week of outflows, according to data unveiled by <a href="https://blog.coinshares.com/volume-150-digital-asset-fund-flows-weekly-report-d12d3da03d37" rel="noopener noreferrer nofollow">CoinShares</a>.</p> 
<p>For the week ending September 24, the digital asset market experienced a significant withdrawal of funds, tallying $9 million in outflows.</p> 
<h2 class="wp-block-heading" id="h-bitcoin-s-exodus-continues-ether-follows-suit">Bitcoin’s Exodus Continues; Ether Follows Suit</h2> 
<p>The world’s premier cryptocurrency, Bitcoin, found itself in a precarious position as it recorded its third consecutive week of outflows, amounting to a substantial $6 million loss within the past week.</p> 
<p>Investors seemed reluctant to hold their positions, with short Bitcoin positions alone seeing a substantial outflow of $2.8 million. Meanwhile, Ether, the second-largest cryptocurrency by market capitalization, also grappled with a dire situation, marking its sixth consecutive week of outflows, with a total of $2.2 million leaving the market over the week.<img decoding="async" src="https://lh4.googleusercontent.com/CdcjfnYrEcj0lzr3T45OLzaECUt8KeEyr5KuLozckjTRqdVv0zlBi_KfYabdCKtTN25p2vdq2CV_KKrICzzAv27FPftzRaQkUIogxlgioM10jLGnLNrfTQhFBkI7K01qoKge24OAtxL8DEKgkW_KJEU" width="624" height="625"></p> 
<h2 class="wp-block-heading" id="h-altcoins-buck-the-trend">Altcoins Buck the Trend</h2> 
<p>In a surprising twist, some altcoins managed to swim against the current. XRP and Solana, in particular, witnessed inflows of $0.66 million and $0.31 million, respectively. This trend indicates a growing interest among investors in the alternative cryptocurrency space, with continuous capital inflows into XRP and SOL.</p> 
<p>The report from CoinShares highlighted a stark contrast in sentiment between European and U.S. investors. European crypto investment products enjoyed a healthy influx of $16 million, while their U.S. counterparts faced an exodus, with $14 million flowing out.</p> 
<p>This regional disparity can be attributed to the uncertainty surrounding cryptocurrency regulations and recent actions taken by the U.S. Securities and Exchange Commission (SEC) against various crypto companies.</p> 
<p>Furthermore, the report revealed a concerning trend as weekly trading volumes plummeted below $820 million, significantly below the 2023 average of $1.16 billion. This dip in trading activity reflects the current bearish pressure in the digital asset market.</p>

Bitcoin and Ether Experience Significant Outflows, While XRP and Solana See Inflows

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