Bitcoin funds saw largest single week of outflows since June 2021

Bitcoin funds saw largest single week of outflows since June 2021


Institutional investors shed $133 million worth of Bitcoin (BTC) investment products last week, marking the largest week of outflows since June last year.

According to the latest edition of CoinShares’ weekly Digital Asset Fund Flows report, the overall digital asset fund outflows for the week ending April 29 totaled $120.1 million, with the large Bitcoin outflows marginally offset by a surprise $38 million worth of inflows for FTX Token (FTT) products.

The $132.7 million worth of outflows from BTC funds last week, brings the month-to-date outflows for April to $310.8 million.

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The last time BTC funds saw this level of outflows in a single week was during a strong bearish trend in June 2021 as a result of major FUD in the news including Tesla

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