Digital Asset Investment Sees Massive Outflow, Largest in Months
CryptoNewsTerminal Staff09 Sep, 2024
Digital Asset Investment Sees Massive Outflow, Largest in Months
Digital asset investment products faced an outflow of $726 million last week, marking the largest outflow since March. Bitcoin products saw the most outflows, with $643 million leaving the funds. Ethereum followed with $98 million. Solana stood out as an exception with an inflow of $6.2 million. Geographically, the United States accounted for $721 million of the outflows. This significant outflow suggests that investors are currently cautious about digital asset investments, possibly due to market volatility or macroeconomic uncertainty. Despite these outflows, the long-term outlook for digital assets remains uncertain as the industry continues to develop.
