BTC Fund Outflows Slow but Investors Start Exiting ETH Funds

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Money being pulled out of digitalasset investment funds slowed somewhat last week. However, while net redemptions from bitcoinfocused funds shrank, some investors seem to be souring on ether.

Overall, digitalasset funds experienced net outflows of 21 million during the week ending June 11, down from 94 million pulled out of funds the prior week, according to a Monday report by CoinShares.

The decline in outflows might be an early sign of bearishness has peaked. Investors have been pulling money from bitcoin funds in recent weeks as the price of the largest cryptocurrency by market value traded below 40,000, down from the alltime high near 65,000 reached in April.

Source FXPro

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