Crypto Funds Bleed $173M As Outflows Extend To Fourth Week – Report

Crypto exchange-traded products (ETPs) have extended their negative streak to a fourth consecutive week after US market weakness pushed global funds to over $170 million in weekly outflows. Related Reading: Bitcoin Should Be Flying—Instead, Quantum Risk Keeps It Grounded: Analyst Crypto Funds Outflows Extend Amid US Weakness According to the latest CoinShares data, crypto-based investment products recorded their fourth week of outflows amid the negative market sentiment of the past month. In a Monday report, James Butterfill, head of research at CoinShares, shared that global crypto funds closed the week with negative net flows totaling $173 million, bringing cumulative four-week outflows to $3. 47 billion source: https://www.newsbtc.com/news/crypto-funds-bleed-173m-as-outflows-extend-to-fourth-week-report/