Investors Turn to Litecoin and Avalanche As Bitcoin Experiences Outflows

Despite the fifth consecutive week of outflows in the crypto investment products market, Litecoin and Avalanche saw some investment inflows last week. Germany led in terms of regions with the highest outflows, accounting for 73% of the total. However, Litecoin and Avalanche recorded $0.3 million and $0.7 million in inflows, respectively, into exchange traded funds and other products. Bitcoin represented most of the negative sentiment with $33 million worth of outflows, while Ethereum recorded $1 million in outflows. Short bitcoin products also saw minor outflows of $1.3 million for the week.

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