Crypto Funds Suffer Fifth Consecutive Week of Outflows

Crypto investment products have seen a persistent decline in investor sentiment, with outflows continuing for five consecutive weeks.

Last week's withdrawals totaled $288 million, marking the fifth straight week of declines. This brings the cumulative total to $4 billion over the period.

The United States accounted for $347 million of the outflows, while Europe and Canada recorded combined inflows of $59 million.

Bitcoin was the primary driver of weakness, with $215 million in outflows, followed by Ethereum at $36.5 million.

Total assets under management remain substantial at $130.4 billion, indicating that institutional exposure to digital assets persists.