Crypto Funds See $173M Outflows Amid Market Volatility
Crypto investment products bled $173 million last week, extending a four-week outflow streak to $3.74 billion according to CoinShares data. The week opened with $575 million inflows before reversing sharply as Bitcoin's price weakness triggered $853 million in redemptions. A late-week rally on softer CPI data clawed back $105 million.
Regional flows revealed stark divergences. US funds hemorrhaged $403 million—double the global net outflow—while European products attracted $230 million. Germany led with $114.8 million inflows, followed by Canada ($46.3M) and Switzerland ($36.8M). Trading volumes collapsed to $27 billion from the prior week's record $63 billion.
iShares bore the brunt with $276 million outflows as provider-specific moves mirrored the broader risk-off sentiment. The data underscores how macro triggers and geographic risk appetites continue to fracture crypto market dynamics.
