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The entire crypto industry has had a recent few weeks of ugly price action and downtrend, a trend which has been reflected in crypto investment funds. Notably, digital asset funds have witnessed their worst outflow streak on record, as noted by the latest CoinShares weekly report on digital asset invesment funds. Interestingly, the report reveals insights into investor sentiment across different assets, with funds based on XRP and Cardano seemingly defying the trend.
A Record-Breaking Five Weeks Of Outflows For Crypto Invesment Funds
According to CoinShares, digital asset investment products have now endured five consecutive weeks of outflows coming to a total of $6.4 billion within this timeframe. This marks the worst outflow streak in history, with $1.7 billion exiting the funds just…
