Crypto funds post $1.07 billion in outflows amid Iran tensions

Crypto investment products recorded $1.07 billion in outflows as tensions over Iran spurred risk-off sentiment among investors. Bitcoin and Ether funds led the withdrawals.

Crypto investment products saw $1.07 billion in outflows as tensions over Iran fueled risk-off sentiment. Bitcoin and Ether led withdrawals, while XRP and Solana gained.

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Illustration of Bitcoin ETF outflows totaling 1.47 billion dollars due to rising interest rates, showing financial charts with downward trends.
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Bitcoin etfs lead $1.47 billion crypto outflows last week

Reported by AI Image generated by AI

Digital asset investment products recorded $1.47 billion in outflows last week. Bitcoin funds drove most of the redemptions amid higher interest rate expectations.

Institutional investors pulled nearly $2.7 billion from spot Bitcoin and Ethereum exchange-traded funds over the past two weeks. The outflows coincided with inflows into newer single-asset funds tracking Hyperliquid’s HYPE token, XRP, and Solana.

Reported by AI

Crypto exchange-traded products recorded $858 million in inflows last week. The figure extends a six-week streak that has now reached $4.9 billion in total.

Bitcoin declined sharply as tensions between the US and Iran escalated with reported strikes. The drop triggered widespread liquidations across crypto markets.

Reported by AI

U.S. spot Bitcoin ETFs recorded roughly $222 million in net inflows on Thursday, their biggest daily intake since May. The reversal followed a weak June jobs report that eased some rate-hike concerns and supported a rebound in the cryptocurrency above $62,000.

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