Crypto funds experienced significant outflows, with a record $600 million leaving in the week up to May 1, according to BofA/EPFR data, marking the largest weekly outflow since June 2022. Coinshares reported that digital asset investment products have seen outflows for four consecutive weeks, totaling $251 million, including $156 million last week alone. Notably, Ethereum broke a seven-week outflow streak with an inflow of $30 million. Overall, global crypto investment products have surpassed a cumulative $1 billion in net outflows.