CoinShares: Record $8B Outflow Streak Ends as Bitcoin Funds Return to Inflows CoinShares said digital asset investment products ended a rec…
CoinShares: Record $8B Outflow Streak Ends as Bitcoin Funds Return to Inflows
CoinShares said digital asset investment products ended a record eight-week, $8 billion outflow streak with $287 million of inflows last week. Softer-than-expected US CPI and PPI data then drove a further $415 million of inflows across Tuesday and Wednesday, mainly into Bitcoin. However, CoinShares still expects BTC to remain rangebound and sees a break above $80,000 as unlikely without a clearer shift in monetary policy expectations.
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