Bitcoin funds see biggest weekly outflows since June 20211 min read . Updated: 04 May 2022, 12:43 PM IST
- Overall, digital asset investment products or crypto funds saw net outflows totalling $120 million last week (23-29 April), bringing total outflows in this four-week run to $339 million, digital asset manager CoinShares said.
Global crypto funds that invest in bitcoin saw the largest weekly outflows since June 2021 at $133 million, in part driven by the hawkish rhetoric from the US Federal Reserve and the recent price decline.
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