🚀Hey there, Bitcoin enthusiasts!🚀
Digital asset investment products have seen outflows for the fourth straight week, totaling a whopping $251 million! 😱 The past week was a first, with newly issued ETFs in the US experiencing "measurable outflows" of $156 million.
Bitcoin, our beloved digital gold, remained the primary focus, with outflows totaling $284 million. 📉 No surprise there, as Bitcoin was the only digital asset to see outflows.
On the flip side, Ethereum broke its seven-week spell of outflows, attracting $30 million in inflows last week. 📈 Various altcoins followed suit, with Avalanche, Cardano, Polkadot, Solana, and Litecoin all seeing inflows.
Region-wise, the US recorded the highest outflows of $504 million, followed by Sweden with $30.3 million. Other countries like Canada, Switzerland, and Germany also saw outflows. But hey, Brazil bucked the trend with inflows of $3.7 million. 🎉
The cherry on top? The successful launch of spot Bitcoin and Ethereum ETFs in Hong Kong, attracting almost $307 million in inflows in the first week of trading. 🥳
So, keep your eyes peeled on the market, folks! The crypto world is full of surprises! 🌍💰