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Bitcoin Investment Products See $13 Million Outflow as Investors Favor Smaller Cryptocurrencies

Last week, Bitcoin investment products experienced an outflow of $13 million, while smaller cryptocurrencies like Ether and XRP saw inflows. This trend reversal came after several major catalysts for BTC investment, including BlackRock's filing for a BTC exchange traded fund, which spurred a month-long period of rapid inflows.

XRP's recent court victory over the SEC improved investor confidence in altcoins, leading to positive fund flows for ETH and smaller altcoins like SOL, UNI, and MATIC. Overall, digital asset funds saw weekly outflows of $6.5 million after four weeks of inflows totaling $742 million.

Bitcoin Bitcoin $97,874.92
+0.72%
Bitcoin XRP BlackRock SEC
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