In brief
- A four-week outflow streak has erased $3.74 billion from crypto investment products, according to a new CoinShares report.
- U.S. digital asset funds saw outflows of $403 million last week, while Europe and Canada posted inflows of $230 million.
- Short-Bitcoin outflows continue, a pattern that is “often seen near market lows,” CoinShares analyst James Butterfill added.
U.S. investors continued to exit crypto funds, while the rest of the world is buying the dip.
Digital asset investment products saw their fourth consecutive week of outflows, totaling $173 million, according to CoinShares’ latest report. The stretch has now erased a staggering $3.74 billion from crypto funds over the past four weeks.
But the headline number masks a…
