Bitcoin, Ethereum Start The Week Down 2.5%—Are Modest ETF Flows To Blame?
Portfolio Pulse from Murtuza Merchant
The cryptocurrency market is experiencing volatility with Bitcoin and Ethereum prices down. Despite this, Bitcoin saw significant inflows, while Ethereum had modest inflows. Grayscale experienced outflows, indicating a shift in investor trust. Solana faced record outflows due to declining meme coin trading volumes.
August 19, 2024 | 12:35 pm
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Grayscale experienced $118 million in outflows, indicating a potential shift in investor trust within the Ethereum investment space.
The significant outflows from Grayscale suggest investors are moving their funds to newer issuers, indicating a loss of confidence in Grayscale's offerings.
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