Cryptocurrency investment products are struggling through their most prolonged period of investor withdrawals on record, according to the latest CoinShares report. The crypto market seems to be at a crucial stage as crypto prices appear less shaky.
Data shows digital asset funds have experienced outflows for the fifth consecutive week. The latest weekly figure reached $1.7 Billion, pushing the five-week total to $6.4 Billion.
This marks 17 straight days of outflows. This is the longest negative streak since CoinShares began tracking this data in 2015. Despite the sustained exodus of capital, year-to-date inflows remain positive at $912 Million.
Bitcoin Accounts for Largest Share of Crypto Market Outflows
Bitcoin investment products experienced the largest share of outflows, with an additional $978 Million leaving BTC-focused funds last week.
This brings Bitcoin’s five-week outflow total to a substantial $5.4 Billion. Despite these withdrawals, Bitcoin products still mai
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