Regulatory Delays Trigger $952M Exodus From US Crypto Funds
Digital asset investment products recorded their first weekly outflow in a month, with $952 million leaving the market amid delays to key U.S. crypto legislation, prolonging regulatory uncertainty.
Outflows were almost entirely concentrated in the United States, totaling $990 million, according to CoinShares’ Monday report. These were partially offset by modest inflows into Canadian and German crypto products of $46.2 million and $15.6 million, respectively.
CoinShares analysts attributed the shift to “delays in passing the U.S. Clarity Act, which has prolonged regulatory uncertainty for the asset class, alongside concerns over continued selling by whale investors.”
Ethereum-based products bore the brunt of the…
