NFT News by Thebittimes.Com

A Coinshares crypto market flow report reveales that traders are showing more confidence in the likes of XRP and Solana. Crypto investment products registered their sixth consecutive week of outflows in the week ending on Sept. 24. According to data shared by Coinshares, digital asset outflows from crypto investment products reached $9 million last week. Weekly crypto asset flows. Source: CoinShares Bitcoin (BTC) registered a third consecutive week of outflows with the past week's outflows reaching $6 million. Short-bitcoin positions saw outflows of $2.8 million. On the other hand, Ethereum (ETH) registered its sixth consecutive week of outflows with $2.2 million flowing out over the past week. The largest altcoin ETH registered its sixth consecutive week of outflows , other altcoins especially XRP and Solana have gained traders' trust with net in flows of $0.66 million and $0.31 million respectively. The report noted that investors are becoming more discerning in the al...

According to CoinShares, digital asset investment products saw outflows totaling $72 million last week, as investors brace for the Fed's forthcoming rate decision on May 3. On May 2, European crypto currency investment firm CoinShares published its latest “Digital Asset Fund Flows Weekly Report,” which stated that the digital asset market experienced bearish sentiment for the second consecutive week, resulting in out flows totaling $72 million. The report noted that the bearish sentiment could be attributed to the probability of further interest rate hikes by the United States Federal Reserve this week. Weekly crypto asset flows. Source: CoinShares According to the report, crypto market funds experienced outflows across all geographies and providers, particularly in Germany and Canada, where outflows reached $40 million and $14 million, respectively. Bitcoin (BTC) recorded the largest outflows at $46 million, with short-Bitcoin also experiencing outflows of $7.8 million, its hig...