Data from Coinshares reveals that investment products in digital assets witnessed outflows of $88 million last week, marking the eighth straight week of money leaving crypto funds.
These outflows have now reached a total of $417 million over the eight-week period, aligning with significant declines in cryptocurrency prices after a strong start to the year.
Bitcoin alone saw outflows of $52 million last week, bringing its total outflow over the eight weeks to $254 million.
Ethereum, the second-largest cryptocurrency, experienced its largest weekly outflow of $36 million since the Merge in 2020.
