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Minor Outflows Of US$16m, More Profit-Taking Than A Swing In Sentiment - CoinShares: Fund Flows

Date 18/12/2023

  • Digital asset investment products saw minor outflows totalling US$16m, ending an 11-week run of inflows. Trading activity remained well above the year average though, totalling US$3.6bn for the week.
  • The mixed regional flows suggest this was more related to profit-taking rather than a turn in sentiment towards the asset class.
  • Altcoins bucked the trend, seeing US$21m of inflows. The main beneficiaries being Solana, Cardano, XRP and Chainlink.

 

 

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