Digital asset funds globally experienced a significant outflow, losing $1.7 billion last week alone. Over the past five weeks, the total outflow reached $6.4 billion. In the U.S., bitcoin exchange-traded funds (ETFs) saw the longest streak of weekly outflows since their debut in January 2024, with investors withdrawing more than $5.4 billion during this period. Bitcoin’s value has declined by over 21% in the last three months, now hovering around $83,000. The broader CoinDesk 20 Index (CD20) has also suffered, losing approximately 34.6% of its value over the same timeframe. These statistics highlight the current trend of investors moving away from digital assets amidst heightened economic and geopolitical uncertainty.
Miles Deutscher
@milesdeutscher
·
Mar 4 Digital asset products just experienced their largest week of outflows on record, with over $2.9 billion lost!
If last week wasn’t a tradfi capitulation moment for $BTC, I don’t know what is.
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