CoinShares Executive: Bitcoin and digital asset ETP/ETF's weekly net outflows have reached a new high, but the selling wave seems to be receding
James Butterfill, the research director at CoinShares, posted on platform X saying: Despite the net outflow of Bitcoin and digital asset ETP/ETFs reaching a record high of $2.6 billion this week, it appears that most basis trades have been squared off and the selling frenzy is subsiding.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Data: US crypto-related stocks mostly rise in pre-market trading, Bitmine up 3.79%
IMF warns that tokenized markets may increase flash crash risks, and governments will intervene with regulation
Hong Kong SFC launches staff fundraising campaign to support victims of the Tai Po fire
Trending news
MoreCrypto prices
More
