June 20 (Cointime) - Investors withdrew $5.1 million from digital asset funds last week, marking the ninth consecutive week of outflows. However, this amount is significantly less than the $88 million withdrawn the previous week, which was attributed to high-profile SEC lawsuits against Coinbase and Binance. The outflows were partially offset by investors buying the dip on altcoins such as XRP, Cardano, and Polygon. BlackRock's Bitcoin exchange-traded product (ETP) bid helped to stem the bearish streak of outflows, with $5 million in inflows on the day of the announcement.
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Investors Pull $5.1 Million from Digital Asset Funds for Ninth Week in a Row Despite BlackRock's Bitcoin ETF Bid
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