Cardano

Litecoin

Solana

Polkadot

Avalanche

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/continued-outflows-in-crypto-investment-products-for-fourth-consecutive-week/" data-wpel-link="internal">Continued Outflows in Crypto Investment Products for Fourth Consecutive Week</a><br></p>
<p style="text-align: justify"><strong>Crypto</strong> asset <a href="https://finance.coin-turk.com/" data-wpel-link="external" target="_blank" rel="nofollow noreferrer">investment</a> products continued to see outflows for the fourth consecutive week, totaling $251 million. This week marked the first instance of measurable outflows from newly issued ETFs in the US, with last week seeing an outflow of $156 million. It is noted that since the launch of these ETFs, the average purchase <a href="https://finance.coin-turk.com/" data-wpel-link="external" target="_blank" rel="nofollow noreferrer">price</a> has been $62,200 per Bitcoin. The BTC price dropped below 10% of this level last week, which may have triggered automatic sell orders.</p> 
<h2 style="text-align: justify" id="what-is-the-situation-by-country">What is the Situation by Country?</h2> 
<p style="text-align: justify">Regionally, the US plays a leading role in outflows, with $504 million recorded. On the other hand, Canada, Switzerland, and Germany also saw outflows of $9.6 million, $9.8 million, and $7.3 million, respectively.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="wp-image-348679 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/05/ulke.png" alt="" width="858" height="496"></p> 
<p style="text-align: justify">Last week’s highlight was the successful launch of spot Bitcoin and Ethereum ETFs in Hong Kong, which saw an inflow of $307 million in the first week of trading.</p> 
<h2 style="text-align: justify" id="institutional-investors-buy-these-altcoins">Institutional Investors Buy These Altcoins</h2> 
<p style="text-align: justify">As usual, Bitcoin was the primary focus, seeing an outflow of $284 million. Unusually, BTC was the only crypto asset to experience outflows. Ethereum broke its seven-week outflow streak with an inflow of $30 million last week.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="wp-image-348680 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/05/altcoin.png" alt="" width="852" height="559"></p> 
<p style="text-align: justify">Aside from Ethereum, small inflows were noted in five other altcoins. <a href="https://en.coin-turk.com/maximizing-altcoin-gains-the-rising-potential-of-ethereum-and-solana/" data-wpel-link="internal">Solana</a> received $300,000, Litecoin $100,000, Cardano $400,000, Polkadot $300,000, and other altcoins including Avalanche saw an inflow of $600,000.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/continued-outflows-in-crypto-investment-products-for-fourth-consecutive-week/" data-wpel-link="internal">Continued Outflows in Crypto Investment Products for Fourth Consecutive Week</a></h5>

Continued Outflows in Crypto Investment Products for Fourth Consecutive Week

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