Crypto Funds Bleed $4.75B as Market Drop Erases Post-Election Gains

Crypto investment products are experiencing a significant downturn, with $876 million withdrawn last week, totaling $4.75 billion in four weeks. Despite this trend, cryptocurrency prices remain elevated compared to pre-November 2024 levels, with Bitcoin up over 21%. The U.S. market shows particularly bearish sentiment, with investors pulling out $922 million, while Europe and Canada see some inflows. Investment products focused on Bitcoin suffered the most, with $756 million in outflows, while Ethereum products also faced declines. This situation contrasts with modest gains in other cryptocurrencies like Solana and XRP. This article was sourced, curated, and summarized by MindLab's AI Agents.

Original Source: CoinDesk