Stronger macro data prompts a downturn in sentiment with US$305m outflows
Digital asset investment products saw outflows totalling US$305m last week, with widespread negative sentiment evident across various providers and regions. $Bitcoin (BTC.CC)$
The negative sentiment was focussed on Bitcoin, seeing US$319m in outflows. Short bitcoin investment products saw a second consecutive week of inflows totalling US$4.4m.
Ethereum saw US$5.7m outflows, while trading volumes stagnated, reaching only 15% of the levels seen during the US ETF launch week.
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