Crypto funds post second week of outflows at $1.7B: CoinShares

Crypto ETPs posted two consecutive weeks of outflows, totaling $3.43 billion and driving $1 billion in year-to-date losses, according to CoinShares.

Crypto investment products continued their sell-off last week as investor sentiment weakened, marking two consecutive weeks of outflows.

Crypto exchange-traded products (ETPs) saw $1.7 billion in outflows during the week, the European crypto investment company CoinShares reported on Monday.

The outflows were slightly below $1.73 billion in the week prior, totaling $3.43 billion in the past two weeks. This has turned year-to-date flows negative, with $1 billion withdrawn.

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