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DIGITAL ASSET PRODUCTS BREAK FIVE-WEEK OUTFLOW STREAK
Are investors feeling a little risky again? Maybe, if last week's cryptocurrency flows are anything to go by.
Crypto-focused investment products overall notched inflows every day last week, according to CoinShares data. For the week, digital asset funds recorded net inflows of $644 million, breaking five consecutive weeks of outflows after tariff and economic growth uncertainty roiled markets.
Bitcoin prices BTC= rose last week, the first weekly gain in about one month. Bitcoin-focused funds pulled in $724 million in flows last week, as per CoinShares.
Still, that's coming off five straight weeks of outflows - about $5.4 billion - from bitcoin products. The world's largest cryptocurrency is still down over 22% from its January all time high.
Ethereum, meanwhile, continues to struggle, with investment products tracking the world's second largest crypto token seeing about $86 million in outflows last week.
"The broader cautious economic environment warrants a neutral stance for now. Bitcoin has shown strong support but may face headwinds if overall risk appetite diminishes," analysts at research firm BRN said.
"While the strong and consistent inflows into Bitcoin ETFs are a clear positive signal, the prolonged outflows from Ethereum ETFs and the weakening consumer sentiment introduce elements of caution."
Despite the caution on the macroeconomic front, activity elsewhere in the crypto world is as busy as ever today.
BlackRock BLK.N launched its first bitcoin ETP in Europe, while U.S. President Donald Trump's crypto venture announced the launch of its dollar-pegged stablecoin.
(Lisa Mattackal)
FOR TUESDAY'S EARLIER LIVE MARKETS POSTS:
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HOW DOGE'S ACTIONS COULD HURT US REAL ESTATE MARKET - CLICK HERE
CONSUMER CONFIDENCE PLUNGES, NEW HOME SALES, HOME PRICES TICK HIGHER - CLICK HERE
U.S. STOCKS EDGE UP; US CONFIDENCE DATA WEAK - CLICK HERE
S&P 500 INDEX VS 200-DMA: MOTH AND FLAME? - CLICK HERE
JAPAN'S VIRTUOUS CIRCLE DRIVING INFLATION HIGHER - CLICK HERE
VALUATION GAPS CLOSING: EUROPEAN BANKS RE-RATING VS US 'OVERDONE' - JPM - CLICK HERE
CTAs SHED $100 BILLION OF STOCKS - CLICK HERE
POSITIVE START ON TARIFF OPTIMISM - CLICK HERE
EUROPE BEFORE THE BELL: STEADY AS SHE GOES - CLICK HERE
RELIEF RALLY STARTS TO FIZZLE - CLICK HERE