-
Second Week of Crypto Fund Outflows Shows Appetite Ebbs for ETFs
Appetite for global crypto funds continued to decline after a second week of outflows amid investor concerns that interest rates won’t be coming down any time soon, according to a report from CoinShares International Ltd. Crypto asset outflows totaled $206 million in the week through April 19, according to the report. Investors pulled $244 million from US ETFs, with the outflows coming mostly from incumbent funds, while newly issued ETFs continued to see inflows, though lower than in prior weeks. The data suggest that investors are pulling funds “likely off the back of expectations that the Fed is likely to keep ... (full story)