Crypto Funds See $173M Outflows As Altcoins Gain Momentum

Crypto investment products failed to attract enough inflows last week to reverse negative sentiment and clocked a fourth consecutive week of outflows.

Crypto exchange-traded products (ETPs) recorded $173 million in outflows, following the previous week’s $187 million, according to a CoinShares update on Monday.

Although the last two weeks brought relatively minor losses, total outflows over the past four weeks now amount to about $3.8 billion, while total assets under management (AUM) stand at about…