Market Uncertainty Drives $1.17B in Crypto Fund Outflows
Digital asset funds suffered another week of heavy redemptions, signaling growing investor caution amid volatile market conditions.
According to a CoinShares report released Monday, crypto exchange-traded products (ETPs) saw $1.17 billion in net outflows last week — nearly triple the prior week’s figure of $360 million.
James Butterfill, CoinShares’ head of research, attributed the accelerating sell-off to lingering pessimism following the Oct. 10 flash crash and rising uncertainty over whether the Federal Reserve will cut interest rates in December.
Persistent Bitcoin Outflows and Ethereum’s Slide
Bitcoin ETPs continued to lead redemptions with $932 million in outflows, marking the second consecutive week of…
