Ethereum Hit Harder Than Bitcoin as $952 Million Exits Crypto Funds—Here’s Why

Digital asset investment products recorded their first weekly outflows in four weeks, shedding $952 million last week. The negative crypto fund flows come as delays to the US Clarity Act reignited regulatory uncertainty and weighed on institutional sentiment. US Regulatory Delays Reignite Institutional Caution as Crypto Funds Bleed $952 Million According to weekly crypto fund flow data, the outflows were driven by a combination of stalled legislation and renewed concerns over selling pressure from large holders. “We believe this reflected a negative market reaction to delays in passing the US Clarity Act, which has prolonged regulatory uncertainty for the asset class, alongside concerns over continued selling by whale investors,” wrote James Butterfill, head of research at CoinShares source: https://beincrypto.com/us-clarity-act-delay-crypto-outflows/