May 7, 11:26 AM

Crypto Funds See $600M Weekly Outflow, $1B Cumulative Over 4 Weeks

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.

#Coinshares #Ethereum

Written with ChatGPT (GPT-4).

Sources

crypto.news@cryptodotnews
2 years ago
The outflow of investments in digital assets for the fourth week in a row amounted to $251 million https://t.co/1tBAYzIkZT
The Block@TheBlock__
2 years ago
Global crypto investment products' weekly net outflow streak exceeds $1 billion https://t.co/VDavJDngyt
CoinShares@CoinSharesCo
2 years ago
📊 Digital asset investment products saw outflows totalling US$251m for the 4th consecutive week. While BTC continues to see outflows, ETH saw inflows totalling US$30 million. Get our insights in our full report as well as more data: https://t.co/WnD46qjimT https://t.co/z70LjB27vT

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Crypto Funds See $600M Weekly Outflow, $1B Cumulative Over 4 Weeks

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