Digital Assert Data
Ethereum and XRP Looking More Attractive as Investors Rush to Exit Bitcoin Funds
Damanick DantesJun 7, 2021
Investors redeemed a net $141 million during the seven days through June 4, the highest weekly total on record, according to CoinShares.
A key metric is hovering at record highs, suggesting investors are likely holding bitcoins even when deep in the red.
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The outflow was partly because of low investor participation due to seasonal effects, also seen in other asset classes.