Outflows of funds from Bitcoin, Ethereum, and ETFs are occurring one after another during stress tests.
August 6, 2024 7:49 JST (excerpt)
Bitcoin physical investment ETF experiences 4 consecutive days of outflow - totaling approximately $423 million
Funds are also being withdrawn from Ethereum ETF due to the global market meltdown
In response to the global market meltdown, nearly $500 million (approximately 72 billion yen) has been withdrawn from cryptocurrency-related funds. Cryptocurrencies, which are in a speculative asset class, experienced significant selling for the first time since becoming mainstream through listed exchange-traded funds (ETFs) earlier this year.
Bitcoin physical investment ETF experiences 4 consecutive days of outflow - totaling approximately $423 million
Funds are also being withdrawn from Ethereum ETF due to the global market meltdown
In response to the global market meltdown, nearly $500 million (approximately 72 billion yen) has been withdrawn from cryptocurrency-related funds. Cryptocurrencies, which are in a speculative asset class, experienced significant selling for the first time since becoming mainstream through listed exchange-traded funds (ETFs) earlier this year.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
