Crypto Funds Experience Outflows Surge, Indicating Market Shift

Digital asset investment products witnessed a significant outflow of $1.94 billion last week, marking the third-largest weekly run since 2018 and continuing a four-week streak of redemptions. This brings the total outflows to $4.92 billion, representing 2.9% of total assets under management (AuM). Despite this sustained selling pressure, analysts note a potential shift in market sentiment as Friday saw inflows of $258 million, breaking a seven-day outflow streak.