Bitcoin Bleeds $630M as Crypto Fund Outflows Accelerate for Second Week Straight
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Crypto asset investment products faced another week of outflows last week, marking the second consecutive week of investor pullback. According to the latest weekly report released by CoinShares, total outflows amounted to $584 million, pushing the two-week outflow total to roughly $1.2 billion.
This shift highlights a cautious sentiment among investors, particularly in light of macroeconomic factors. CoinShares’ Head of Research, James Butterfill, linked the trend to ongoing uncertainty about interest rate policy in the US.
The report also noted a significant drop in market participation,…
