Bitcoin slipped 9% in the last week, regardless of rebounding towards the $70,000 level, while many tokens have carried on to trade lower.
Till now, XRP has gathered $109 million in year-to-date inflows, making it one of the strongest-performing assets on that measure.
The BlackRock, Fidelity and Grayscale crypto investment products have witnessed a sharp weakening in net weekly outflows, providing initial signs of stabilisation after a severe expansion of digital asset markets, as per the recent data shared by CoinShares.
Global funds backed by cryptocurrencies listed $187 million in net outflows in the week starting from Feb 1-7, a sheer slowdown after two consecutive weeks that each witnessed around $1.7 billion pulled from the sector.
The head of research at CoinShares, James Butterfill, mentioned the rate of flows instead of their absolute direction has historically offered more useful signals regarding shifts in investor sentiment, indicating the recent data
We współpracy z: https://thenewscrypto.com/crypto-fund-outflows-ease-signaling-possible-market-stabilisation/
