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Crypto funds saw $1.9 billion outflow last week, totaling $4.9 billion in four weeks

Crypto Briefing
Digital asset funds experienced $1.9 billion in outflows last week, marking a four-week total withdrawal of $4.9 billion.

Summary

Digital asset investment products saw approximately $1.9 billion in outflows during the last week, pushing the total withdrawals over the preceding four weeks to $4.9 billion, according to CoinShares Research. These sustained withdrawals are attributed to ongoing uncertainty regarding monetary policy and significant selling activity from large crypto holders, which has dampened market momentum. While Bitcoin and Ethereum products faced the largest redemptions, other funds attracted inflows as investors pivoted toward diversification strategies, reflecting waning enthusiasm for digital asset ETFs amid market volatility.

(Source:Crypto Briefing)