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Bitcoin Leads $1.2 Billion Crypto Outflow as Investor Pessimism Rises: CoinShares Report

Bitcoin Leads $1.2 Billion Crypto Outflow as Investor Pessimism Rises: CoinShares Report


CoinOtag
2024-06-24 19:41:51

Institutional investors continued to withdraw funds from crypto investment products last week, marking the second consecutive week of notable outflows. This recent trend is attributed to investor pessimism regarding potential interest rate cuts by the U.S. Federal Reserve. CoinShares reports reveal that the lowest trading volumes for Exchange-Traded Products (ETPs) have been recorded globally since


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