​​Crypto fund outflows reach $417M over 8 weeks as investor caution persists

Source: CoinSharesIn the previous week, Ether (ETH) items witnessed $36 million of outflows, marking the biggest weekly outflows for the asset given that the Ethereum Merge in September 2022. Bitcoin (BTC) investment products witnessed outflows amounting to $52 million during the examined duration. Additionally, short-Bitcoin items recorded outflows of $1.1 million, with seven-week outflows accounting for 44% of AUM.Altcoins, on the other hand, displayed “blended fortunes” during this period.