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Crypto Fund Outflows Hit a Record Last Week, CoinShares Says – Bloomberg

all41author 7 months ago 0

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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world
Americas+1 212 318 2000
EMEA+44 20 7330 7500
Asia Pacific+65 6212 1000
Global crypto funds took a sharp downturn last week as investors pulled out $942 million — the most on record, according to CoinShares International Ltd.
A seven-week streak of inflows saw more than $12 billion move into the funds, helping drive Bitcoin to an all-time high of $79,798 on March 14. Yet, the slide in the largest cryptocurrency since then through Friday made investors leery, leading to a reversal in net flows last week, according to James Butterfill, head of research at CoinShares.

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