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crypto funds experience record outflows totaling 6.4 billion over five weeks
Global crypto investment products experienced record outflows of $6.4 billion over five weeks, with $1.7 billion withdrawn last week alone. Bitcoin funds were the hardest hit, losing $978 million, while Ethereum products saw $175 million in outflows amid a 10% price drop. Despite these losses, analysts note a potential market stabilization as outflows slowed towards the week's end, influenced by US regulations and economic indicators.
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