Crypto Funds See Almost $500 Million in Outflows Over Nine Weeks
- Investors pulled $54 million from crypto market last week
- Bitcoin comprised 85% of outflows, reaching $45 million
The crypto market saw outflows totaling $54 million last week, making it the fifth consecutive week of selloffs, according to a new report by CoinShares.
Photographer: Milan Jaros/BloombergThis article is for subscribers only.
Despite wins against the US Securities and Exchange Commission and new Bitcoin ETF filings, investors withdrew nearly half a billion dollars from cryptocurrency products over the last nine weeks.
The crypto market saw outflows totaling $54 million last week, making it the fifth consecutive week of selloffs, according to a new report by CoinShares. Bitcoin comprised 85% of outflows, reaching $45 million.