Crypto fund outflows reach nearly half a billion over 9 weeks — CoinShares
Outflows from crypto exchange-traded products (ETPs) reached $455 million over the previous nine weeks, according to a report from asset manager CoinShares. Outflows from ETPs generally indicate negative sentiment towards cryptocurrencies.
Last week, outflows totalled US$54m.
There have been outflows for 8 out of the last 9 weeks that aggregate to US$455m.