CoinShares
- Over the last nine weeks, outflows from crypto funds have totalled $455 million, according to CoinShares.
- Bitcoin investment products comprised 85% of the outflows, with $45 million in outflows last week alone.
- Last week was the fifth consecutive week of outflows from crypto funds.
Assets managed by crypto-focused funds have been on the decline.
Average daily fund flows, as a percentage of total assets under management, have been on a gradual downtrend since 2021, and the trend has only continued in the latter half of 2023. Illustrating that point, a Monday CoinShares report reviewed by Insider showed that crypto fund outflows over the last nine weeks reached $455 million, with bitcoin flows comprising 85% of that amount.