25/06/24

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On June 24, CoinShares revealed that digital asset investment products recorded an aggregate outflow of $584 million last week, representing the second straight week of outflows of an aggregate of $1.2 billion. The firm believes this is due to investors’ pessimism regarding the possibility of the Federal Reserve delivering rate cuts in 2024.

“Last week also saw the lowest volumes traded on ETPs globally since the US ETFs were launched in January, seeing just US$6.9bn for the week,” reads the report.