2024

Million

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James

<p><strong>Key Points</strong>:</p>  
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 <li><em>Digital asset investment products witnessed $147 million worth of net outflows globally last week, according to CoinShares.</em></li>  
 <li><em>The outflows end a three-week run of positive flows, and higher-than-expected economic data is likely the culprit, Head of Research James Butterfill said.</em><a href="https://www.bitget.com/blog/articles/bitget-enters-a-multi-million-dollar-deal-with-la-liga?utmSource=theblockadslaliga" target="_blank" rel="noopener noreferrer nofollow"></a></li> 
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<h5 class="wp-block-heading"><strong>Global crypto funds saw a $147 million crypto fund exit last week, ending a 3-week inflow streak. U.S. funds led to losses</strong>.</h5>  
<figure class="wp-block-image aligncenter size-large"><a href="https://coincu.com/wp-content/uploads/2024/10/telegram-cloud-photo-size-5-6062354439068565380-y.jpg" rel="noopener noreferrer nofollow"><img src="https://coincu.com/wp-content/uploads/2024/10/telegram-cloud-photo-size-5-6062354439068565380-y-1024x576.jpg" alt="$147 Million Crypto Fund Exit Ends Three-Week Inflow Streak" class="wp-image-285984"></a>
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<h2 class="wp-block-heading" id="strong-147-million-crypto-fund-exit-ending-3-week-streak-strong"><strong>$147 Million Crypto Fund Exit, Ending 3-Week Streak</strong></h2>  
<p>In all, <a href="https://blog.coinshares.com/volume-203-digital-asset-fund-flows-weekly-report-a6be2c3600de" target="_blank" rel="noopener noreferrer nofollow">crypto funds globally have net outflows of $147 million</a>, breaking three consecutive weeks of inflows. This was driven by negative sentiment due to economic data, with the lion's share of outflows coming from U.S. funds.</p>  
<p>Bitcoin-based funds were the worst performers, with net outflows of $159 million. Short-bitcoin, on the other hand, saw slight inflows. Other regions such as Germany and Hong Kong also saw negative flows.</p>  
<p class="has-background" style="background-color:#222222"><strong>Read more: <a href="https://coincu.com/253934-crypto-fundraising-dips-23-in-q1-2024/" target="_blank" data-type="link" data-id="https://coincu.com/253934-crypto-fundraising-dips-23-in-q1-2024/" rel="noopener noreferrer nofollow">Crypto Fundraising Dips 23% In Q1 2024 But Still Shows Optimistic Background</a></strong></p>  
<h2 class="wp-block-heading" id="strong-multi-asset-crypto-funds-continue-positive-inflows-strong"><strong>Multi-Asset Crypto Funds Continue Positive Inflows</strong></h2>  
<p>Although most crypto funds witnessed outflows, multi-asset products bucked the trend and added $29.4 million in inflows, marking the 16th week of positive flows.</p>  
<p>These diversified exposure products have become popular among investors and accounted for $431 million in total inflows since June, underlining a growing trend toward investments that spread risk in the crypto sector.</p>  
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    <td><em><strong>DISCLAIMER</strong>:&nbsp;The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.</em></td>
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$147 Million Crypto Fund Exit Ends Three-Week Inflow Streak

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