Summary
Investors are fearful as Bitcoin halving occurs, leading to outflows in digital asset investment products. U.S. ETFs see large outflows, while Canada and Switzerland see inflows. Despite concerns, miners see a short-term revenue spike post-halving. Runes project raises funds to become one of the first 10 runes etched onto the Bitcoin network.
Key Points
1. Investors are showing fear in the crypto industry due to the Bitcoin halving event, leading to outflows in digital asset investment products.
2. The majority of outflows are from Bitcoin, with Ethereum following, as investors worry about the consequences of the halving.
3. U.S. ETFs are experiencing the most outflows, while other countries like Canada and Switzerland are seeing moderate inflows, indicating a waning appetite for ETP/ETF investments.