Friday, July 1, 2022

Crypto funds see 4th consecutive weekly outflows as institutions diversify holdings, says CoinShares By Cointelegraph

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Crypto funds see 4th consecutive weekly outflows as institutions diversify holdings, says CoinShares

Institutional outflows from cryptocurrency funds intensified last week, a sign that fund managers were still taking profits on their (BTC) holdings following a historic run-up through April.

Digital asset investment products saw cumulative outflows totaling $19.5 million for the week ended Friday, marking the fourth consecutive weekly drawdown, according to CoinShares data.