Digital asset investment products experienced their fourth consecutive week of outflows, with $173 million exiting the market last week. This trend highlights a period of cooling sentiment as Bitcoin prices slipped below the $70,000 level. Bitcoin accounted for the majority of the outflows, totaling $141 million, as investors reacted to macroeconomic uncertainty and shifting expectations regarding interest rate cuts. Ethereum also saw negative sentiment with $22 million in outflows. Despite the recent four-week slump, total year-to-date inflows remain historically high, reaching approximately $15 billion. The current market behavior suggests a cautious approach from institutional investors amid volatile price action and a lack of immediate bullish catalysts.
Source: Crypto funds log fourth week of outflows at $173M as BTC dips below $70K
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