Bitcoin was the primary casualty in a week of crypto fund outflows, with investors pulling $719 million from BTC-based products.
The total outflow across all crypto investment products reached $812 million, according to CoinShares, as stronger-than-expected US economic data dampened enthusiasm for risk assets like crypto.
Analysts noted a key detail: the lack of a corresponding spike in short-bitcoin products. This indicates the selling was likely a cautious, tactical move rather than a deep-seated bearish turn.
With cumulative inflows for the year still at $39.6 billion, the long-term momentum for crypto investment products appears largely intact.
