Crypto Funds Experience $1.7B Outflows for Second Week: CoinShares

CoinShares reports that cryptocurrency exchange-traded products have seen a significant outflow of $1.7 billion over two weeks, totaling $3.43 billion.

According to a recent report by CoinShares, cryptocurrency exchange-traded products (ETPs) have endured a second consecutive week of substantial outflows, amounting to $1.7 billion. This downturn has accumulated to a total of $3.43 billion over the past two weeks.

As a result, year-to-date losses for these crypto funds have now reached a staggering $1 billion. The ongoing trend of investment withdrawal has raised concerns among analysts regarding the market's stability and investor sentiment.