From Investing.com: 2024-04-29 13:30:30

Bitcoin (BTC) leads outflows as digital asset investment products see $435 million outflows for third straight week. U.S. drives majority of outflows at $388 million, with YTD inflows at record $13.6 billion. ETPs experience drop in trading volume from $18 billion to $11.8 billion. Grayscale’s spot Bitcoin ETF sees lowest outflow in nine weeks at $440 million, triggering drop in altcoins.

Ether (ETH) also experiencing outflows, while altcoins like Solana (SOL), Litecoin (LTC), and Chainlink (LINK) seeing inflows. Grayscale’s spot Bitcoin ETF outflows leading trend despite new Bitcoin issuers driving some inflows.BTC leading outflows may indicate decline in investor interest in crypto ETFs post initial hype.

Read more at Investing.com: Bitcoin (BTC) Leads $435 Million Outflows as ETF Traders Shun Hype By U.Today