๐๐ธ Digital asset investment products saw a 4th week of outflows, hitting $251M. The US experienced the first significant ETF outflows, amounting to $156M.
Bitcoin remained the main focus, with outflows reaching $284M. However, Ethereum broke its 7-week outflow spell, attracting $30M in inflows. ๐
Altcoins like Avalanche, Cardano, Polkadot, Solana, and Litecoin also saw inflows, albeit smaller.
Geographically, the US led the outflows with $504M, followed by Sweden with $30.3M. Canada, Switzerland, and Germany also saw outflows.
But hey, not all is gloomy! Brazil bucked the trend with $3.7M inflows. ๐ง๐ท
Plus, the launch of spot Bitcoin and Ethereum ETFs in Hong Kong was a success, attracting nearly $307M in the first week! ๐
What's your take on these market movements? Share your thoughts below! ๐ #DeFi #CryptoNews