Digital asset investment products experienced $1.07 billion in outflows last week, driven mainly by geopolitical tensions related to Iran. Bitcoin led withdrawals with $982 million leaving its products, while Ethereum saw $249 million in outflows, its largest since January. Despite this, investors rotated into select altcoins like XRP and Solana, which attracted $67.6 million and $55.1 million in inflows respectively, indicating a shift rather than a full exit from crypto. The U.S. accounted for most outflows, while some European markets and Canada saw positive inflows, and progress on the U.S. CLARITY Act helped stabilize sentiment amid the selloff.
Goldman Sachs has fully sold off its holdings in several cryptocurrency ETFs focused on XRP and Solana, following weak performance of these products. The bank liquidated about $154 million in XRP-linked ETFs and exited Solana-related funds, signaling...
Most major cryptocurrencies experienced declines, with Bitcoin dropping 2.28% to $76,232 and Ethereum falling 3.72% to $2,103.75. Other notable coins like Binance Coin and Dogecoin also saw decreases, while a few assets showed minor gains. This broad...
Cryptocurrency markets saw a general decline with Bitcoin priced at $77,381, down 1.29%. Other major coins like Ethereum, Binance Coin, and XRP also dropped between 1.8% and 2.2%. Dogecoin experienced a significant fall of nearly 6%, and Bitcoin Cash...
Bitcoin Depot has filed for voluntary Chapter 11 bankruptcy to wind down operations and sell assets, with restructuring also planned in Canada. Meanwhile, Capital B increased its Bitcoin holdings by 192 BTC, bringing its total to 3,135 BTC. Despite t...
Bitcoin dropped below $77,000 following $290.4 million in net outflows from Bitcoin ETFs, while Ethereum ETFs saw $65.7 million in outflows. Meme coins' market cap fell 3.2% to $35.5 billion in 24 hours. Traders warn Bitcoin is near a critical suppor...
