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Crypto products see second-biggest weekly outflows in 2024: CoinShares

Key Takeaway:

Bitcoin faced the largest outflows, while Solana saw significant inflows, indicating shifting market sentiments.

Bitcoin outflows and market sentiment

Bitcoin experienced the largest outflows at $643 million, with decreased exchange activity and a drop in the Crypto Fear and Greed Index to 26, signaling increased investor anxiety.

Ethereum and other digital assets

Ethereum lost $98 million, mainly from the Grayscale Trust, as ETF inflows slowed. Solana stood out with $6.2 million in inflows, the highest among digital assets.

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