Ethereum becomes the worst-performing crypto product this year
Share link:In this post: Ethereum experienced its largest outflow since August 2022, totaling $61 million, making it the worst-performing crypto asset this year. The digital asset market saw $30 million in outflows last week, marking the third consecutive week of outflows, with Grayscale experiencing $153 million in outflows. Bitcoin and some altcoins like Solana and Litecoin saw positive inflows, while Ethereum continues to struggle with investor confidence.Disclaimer. The information provided is not trad
Ethereum has hit a new low, becoming the worst-performing digital asset investment product of the year. According to CoinShares, Ethereum experienced its largest outflow since August 2022, with $61 million exiting last week.
Digital asset investment products have faced a rough patch, with last week marking the third consecutive week of outflows. A total of $30 million left the market, reflecting a persistent negative trend.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
US spot bitcoin ETFs see inflows worth $92 million; BTC edges down
U.S. spot bitcoin exchange-traded funds (ETFs) recorded total daily net inflows of $92 million on Friday, spread across seven funds.
Donald Trump Announced He Will Issue His Own Coin: But It’s Not What It Seems
BlackRock CEO Larry Fink Makes Bullish Remarks on Bitcoin
Larry Fink, CEO of BlackRock, the world's largest asset manager, spoke about Bitcoin in his statement.
Sandbox’s Bullish Breakout: Could This Be the Start of a 200% Price Jump?