According to CoinShares, the crypto market has experienced its fifth consecutive week of outflows, resulting in a loss of $32.1 million. The data was sourced from investment providers such as Grayscale and ProShares, which cater to institutional and accredited investors. The Head of Research at CoinShares, James Butterfill, attributed this trend to poor sentiment focused on BTC. Germany was responsible for the most significant outflows, accounting for 75% of the weekly drain.
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Crypto Markets Suffer Fifth Consecutive Weekly Outflow
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Jump Trading is redeeming 120,000 wstETH in batches into ETH and then transferring it to CEX
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