Crypto investment products see 4th consecutive week of outflows, are investors taking profit?

Crypto investment products recorded another week of outflows as investors moved out $19.5 million funds this week. This also makes it the fourth consecutive week of outflows from digital asset investment products. The money has continued to move out of these funds despite the recent price recovery in the crypto market.
 
A total of $295 million has flowed out of crypto investment funds since mid-May and analysts believe the current outflow despite price recovery suggests investors are taking a profit. The crypto market broke out of nearly 8 weeks of bearish phase as most of the crypto assets recorded new monthly highs. Bitcoin managed to get past the $40K barrier and Ether touched the $2,600 mark.
Source: Coinshares
The price of crypto assets has started to decline again amid uncertainty around the new Senate Bipartisan infrastructure deal that would impose a multi-billion dollar tax on the crypto market.
Bitcoin See Biggest Outflow Despite Record Inflows
Bitcoin has seen the highest

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Źródło: https://coingape.com/crypto-investment-products-see-4th-consecutive-week-of-outflows-are-investors-taking-profit/

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