#Crypto ETPs record $2.9B outflows, Bitcoin hit hardest — CoinShares
CoinShares cited the Bybit hack, more hawkish US Fed rhetoric and a previous $29 billion buying streak as reasons for the record-breaking weekly outflows. Cryptocurrency exchange-traded products (ETPs) experienced the biggest weekly sell-off ever, with outflows reaching a record $2.9 billion last week. Amid three consecutive weeks of outflows, global crypto ETPs have seen $3.8…