Investor Exodus: Crypto Market Sees $942 Million Withdrawn in Correction Fallout
Cryptocurrency investment products experienced a substantial withdrawal of $942 million following a recent market correction, with Bitcoin-focused products seeing significant outflows. Despite this, products linked to XRP and Polkadot ($DOT) witnessed inflows. Spot Bitcoin ETFs also recorded record net outflows, raising concerns amidst market uncertainty. Additionally, potential selling pressure from Genesis Global's GBTC shares adds to market dynamics.
