CoinShares: Crypto funds see $1.67B outflows, third straight weekly withdrawal

CoinShares reported that institutional crypto products recorded $1.67 billion in net outflows over the past week, extending the streak to three consecutive weeks of withdrawals. Bitcoin accounted for $1.438 billion of the redemptions and Ethereum saw $257 million, while total assets under management slipped to $141 billion. Three-week cumulative outflows were listed at $4.21 billion, with US products contributing $1.63 billion of the latest week's exits.