Crypto Investment Products See Eighth Straight Week of Outflows Amid Regulatory and Monetary Policy Concerns
06/12 18:15
According to Coinshares data, digital asset investment products experienced outflows of $88 million last week, marking the eighth consecutive week of money leaving crypto funds. The total outflows over the past eight weeks now amount to $417 million, which coincides with a significant drop in cryptocurrency prices following a strong start to the year. Bitcoin and Ethereum saw the largest outflows, with Bitcoin experiencing outflows of $52 million last week and Ethereum experiencing the largest single week of outflows since last year.
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