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Digital Asset Outflows Surge Amid Market Uncertainty

Digital Asset Outflows Surge Amid Market Uncertainty


NullTx
2024-08-06 02:23:38

Digital asset investment products have seen their first outflow of funds in four weeks, totaling $528 million, according to CoinShares. This trend is attributed to the looming US recession, geopolitical tensions, and widespread market liquidation. Bitcoin and Ethereum funds were hit hardest, with outflows of $400 million and $146 million,


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