Crypto funds see $110M in outflows amid regulatory, geopolitical uncertainty
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The cryptocurrency market for the week ending March 11 saw outflows for the first time in eight weeks. In total, more than $110 million worth of funds were removed from digital asset investment…
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Crypto funds witnessed outflows last week after recording five weeks of consecutive inflows. According to CoinShares data, digital asset funds saw $600 million in net outflows for the week ending June 14. The outflows were concentrated in Bitcoin and Solana funds, which saw $621 million and $0.2 million exits, respectively.…
The crypto market has been bleeding for weeks, which is evident in the outflows recorded by Bitcoin and Ethereum exchange-traded funds (ETFs) and products. Last week alone, the financial vehicles tracking both assets saw outflows exceeding $1.2 billion across several countries, including the United States, Switzerland, and Canada. Withdrawals from…
U.S. spot Bitcoin exchange-traded funds (ETFs) continued to experience outflows, with $37.29 million exiting the products on Wednesday, marking the sixth consecutive day of negative flows. US Spot Bitcoin ETFs Continue to Rise, Losing $37 Million This prolonged streak has put pressure on several leading Bitcoin ETFs, according to SosoValue…