Investment funds backed by bitcoin (BTC) last week saw their largest outflows for a single week since June of 2021, with USD 132.7m being withdrawn by investors, according to data from the crypto investment and research firm CoinShares.
The outflows from crypto funds were the largest for funds backed by bitcoin, with ethereum (ETH) funds following behind with outflows of USD 25.1m for the week. The third-largest outflows were seen by solana (SOL)-backed funds, which posted outflows of USD 1.5m.
On the positive side, the “Other” category saw rather large inflows of USD 39.6m last week. These inflows were made up almost exclusively by FTX token (FTT), the exchange token issued by FTX, with USD 38m in inflows.
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