Posted 3/25/2024, 6:11:57 PM
Investors Flee Crypto Funds en Masse Amid Bitcoin Price Slump, Record $1B Redeemed
- Investors pulled out nearly $1 billion from crypto funds last week amid a Bitcoin price dip
- Outflows were a record high, with investors showing "hesitancy" according to CoinShares
- Most outflows were from Grayscale's GBTC Bitcoin fund as investors redeem shares
- Bitcoin ETFs from BlackRock and Fidelity also saw cash leave
- The outflows follow 7 straight weeks of inflows into crypto investment products
