Global crypto funds experienced record weekly outflows of $942m, the largest on record.

Global crypto funds experienced record weekly outflows of $942m, the largest on record, according to CoinShares International Ltd. This follows a seven-week streak of inflows totaling $12bn, which helped Bitcoin reach an all-time high. The slide in Bitcoin prices since then led to investor hesitancy, resulting in lower inflows into US ETF issuers and offsetting $2bn outflows from Grayscale last week.

12 months ago
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