Crypto Outflows Hit $6.4bn as Long Holdings Pile Up

ⓘ This article is third-party content and does not represent the views of this site. We make no guarantees regarding its accuracy or completeness.

Cryptocurrency exchange-traded funds (ETFs) continued toย experience outflowsย last week, with investors pulling out $1.7 billion, according to CoinSharesโ€™ latest report. Over the past five weeks, total outflows have reached $6.4 billion. Despite this trend, data from CryptoQuant indicates that long-term crypto investors are still accumulating Bitcoin (BTC), even as the market faces corrections.

Meanwhile, companies such asย Strategy (NASDAQ: MSTR)ย have continued to add to their Bitcoin holdings. Last week, Strategy purchasedย 130 BTC for $10.7 million, at an average price of $82,981 perโ€ฆ

Read More>>

About CryptoCurrencyWire

CryptoCurrencyWireย (โ€œCCWโ€) is a specialized communications platform with a focus on blockchain and the cryptocurrency sector. It is one of 70+ brands within theย Dynamic Brand Portfolioย @ย IBNย that delivers:ย (1) access to a vast network of wire solutions viaย InvestorWireย to efficiently and effectively reach a myriad of target markets, demographics and diverse industries;ย (2) article andย editorial syndication to 5,000+ outlets;ย (3) enhancedย press release enhancementย to ensure maximum impact;ย (4)ย social media distributionย via IBN to millions of social media followers;ย and (5) a full array of tailoredย corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, CCW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in todayโ€™s market, CCW brings its clients unparalleled recognition and brand awareness. CCW is where breaking news, insightful content and actionable information converge.

To receive SMS alerts from CryptoCurrencyWire, text โ€œCRYPTOโ€ to 888-902-4192 (U.S. Mobile Phones Only)

For more information, please visitย https://www.CryptoCurrencyWire.com

Please see full terms of use and disclaimers on the CryptoCurrencyWire website applicable to all content provided by CCW, wherever published or re-published:ย https://www.CryptoCurrencyWire.com/Disclaimer

CryptoCurrencyWire
New York, NY
www.CryptoCurrencyWire.com
212.994.9818 Office
Editor@CryptoCurrencyWire.com

CryptoCurrencyWire is powered byย IBN

Report this content

If you believe this article contains misleading, harmful, or spam content, please let us know.

Report this article

Recent Quotes

View More
Symbol Price Change (%)
AMZN  273.55
+1.50 (0.55%)
AAPL  284.18
+7.35 (2.66%)
AMD  355.26
+13.72 (4.02%)
BAC  53.12
+0.93 (1.78%)
GOOG  384.27
+4.63 (1.22%)
META  604.96
-5.45 (-0.89%)
MSFT  411.38
-2.24 (-0.54%)
NVDA  196.50
-1.98 (-1.00%)
ORCL  185.35
+5.06 (2.81%)
TSLA  389.37
-3.14 (-0.80%)
Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the Privacy Policy and Terms Of Service.

Gift this article