Crypto investment funds experienced $1.94 billion in outflows last week, the third-largest streak since 2018. XRP stood out, attracting $89.3 million in inflows while Bitcoin and Ethereum faced withdrawals.
Outflows over the past four weeks totaled $4.92 billion, equaling 2.9% of all assets under management. However, Friday saw $258 million in new inflows, offering a potential shift in market sentiment.
Crypto Outflows Mount Amid Policy Turmoil
Digital asset products experienced significant outflows, according to CoinShares’ weekly report. The $1.94 billion loss extended a challenging month, with capital withdrawals and price drops contributing to a 36% decrease in assets under management.
Funds based in the US accounted for 97% of the global outflows, reaching $1.97 billion. This reflects investor caution amid Federal Reserve policy uncertainty and hawkish commentary from Chair Jerome Powell.
In contrast, Germany and some European markets recorded modest inflows, highlighting a difference in regional market sentiment.
Read more: beincrypto.com
Source: CRYPTO WORLD NETWORK NEWS
