Crypto funds lose $288M as ETPs extend outflow run to five weeks
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Crypto investment products posted outflows for a fifth straight week, marking the longest exit streak since the launch of spot Bitcoin ETFs in 2024.
Crypto investment products posted another week of outflows last week, marking the first five-week exit streak since the launch of US spot Bitcoin exchange-traded funds (ETFs) in 2024.
Crypto exchange-traded products (ETPs) recorded $288 million in outflows, bringing cumulative outflows to $4 billion, CoinShares reported Monday.
Despite the longest streak of declines in years, cumulative outflows remain below the $6 billion recorded over the same period last year, said James Butterfill, head of research at CoinShares.
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