{"id":106808,"date":"2024-10-07T19:46:02","date_gmt":"2024-10-07T15:46:02","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=106808"},"modified":"2024-10-07T22:17:49","modified_gmt":"2024-10-07T18:17:49","slug":"xau-usd-still-impacted-by-us-labour-data","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/xau-usd-still-impacted-by-us-labour-data\/10\/07\/market-updates\/","title":{"rendered":"Crypto investment records outflows of $147 million amid Middle East tension"},"content":{"rendered":"Digital asset investment products witnessed outflows totaling $147 million last week.<br \/>Bitcoin ETFs were the center of focus, with $159 million in outflows after heightened Middle East war tension. Ethereum also saw outflows of $29 million, while Solana and multi-asset products recorded inflows.<br \/><br \/>Bitcoin (BTC) is trading around the $63,000 level on Monday as a CoinShares report reveals that crypto investment products recorded outflows totaling $147 million last week, breaking their three-week inflow streak.<br \/><br \/>Crypto ETFs recorded outflows totaling $147 million last week, according to CoinShares&#8217; weekly report. The outflows broke a three-week inflow streak of nearly $2 billion.<br \/><br \/>On the regional level, the US witnessed the highest share of outflows, amounting to $209 million. Germany and Hong Kong also recorded outflows totaling $8.3 million and $7.3 million, respectively. <br \/><br \/>On the contrary, Canada and Switzerland recorded inflows of $43 million and $35 million, respectively. Among the asset classes, Bitcoin ETFs were the major focus among investors, with outflows totaling $159 million last week. Conversely, short-bitcoin ETFs witnessed inflows of $2.8 million.<br \/><br \/>While CoinShares noted that the high outflows were likely a result of the drop in the US Unemployment Rate in September, the Bureau Labor of Statistics only released the data on Friday, which was a positive day for Bitcoin ETFs.","protected":false},"excerpt":{"rendered":"<p>Digital asset investment products witnessed outflows totaling $147 million last week.Bitcoin ETFs were the center of focus, with $159 million in outflows after heightened Middle East war tension. Ethereum also saw outflows of $29 million, while Solana and multi-asset products recorded inflows.Bitcoin (BTC) is trading around the $63,000 level on Monday as a CoinShares report &hellip;<\/p>\n","protected":false},"author":13,"featured_media":98219,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[38,37,36],"tags":[6885,7603,9923,10587],"class_list":["post-106808","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-forex-markets","category-market-updates","tag-fed","tag-gold-prices","tag-interest-rate-cut","tag-middle-east-tensions"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/106808","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=106808"}],"version-history":[{"count":4,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/106808\/revisions"}],"predecessor-version":[{"id":106832,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/106808\/revisions\/106832"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/98219"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=106808"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=106808"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=106808"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}