Investors Flee Crypto Funds at Record Rate Despite Bitcoin’s Bullish Turn

Investors are pulling out of funds exposed to digital assets at a record clip, despite the bullish run in Bitcoin and other cryptocurrencies this year.

Last week brought the fifth consecutive week of outflows from investment products that hold digital assets, with a net $255 million leaving such funds, according to analysis from digital asset manager and trading group

CoinShares

That represents the largest single week of outflows on record and 1% of total assets under management.