⛔⛔⛔Crypto Market Sees Mixed Bag: Bitcoin and Altcoins Gain, Ethereum Faces Outflows⛔⛔⛔
Despite three weeks of inflows, digital asset investments saw a negative $30 million total cash flow last week.
- Ethereum products faced significant outflows of $60.7 million, bringing its assets under management to $14.35 billion.
- Bitcoin products saw a $10 million inflow, reaching $67.57 billion in assets under management.
- Solana and Litecoin also reported modest inflows.
The US led regional inflows with $43 million, followed by Brazil and Australia.
Ethereum's upcoming spot ETFs in the US are expected to boost its price, despite recent outflows.
Historically, July has been a bullish month for crypto, hinting at a potential rebound.
Stay tuned for more updates!