Global crypto investment products at asset managers such as Ark Invest, Bitwise, Fidelity, Grayscale, ProShares and 21Shares registered a fourth-consecutive week of net outflows — totaling $251 million last week — according to CoinShares' latest report.
Switzerland, Canada and Germany-based funds also contributed to last week’s net outflows, losing $9.8 million, $9.6 million and $7.3 million, respectively.The U.S. spot bitcoin ETFs had one of their worst weeks since launching in January, with $433 million in total net outflows last week punctuated by their largest-ever daily net outflows of $563.7 million on Wednesday.