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Investors Withdraw $88 Million from Crypto Investment Funds

June 12, 2023
Investors Withdraw $88 Million from Crypto Investment Funds
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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.

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