Four consecutive weeks of crypto fund outflows hit $3.74 billion, but altcoins outperform as US investors retreat from the market.

Investment products linked to digital assets experienced their fourth consecutive week of outflows, recording $173 million and pushing cumulative losses over four weeks to $3.74 billion. Early in the week, inflows reached $575 million amidst brief optimism, but continued price weakness, which ended up triggering $853 million in outflows soon after.

Sentiment stabilized slightly on Friday following softer CPI data, as these investment vehicles witnessed $105 million of inflows. Trading activity also cooled significantly, and ETP volumes fell to…