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As Bitcoin fell more than 5% last week, crypto investors continued capital withdrawals from virtual asset vehicles like spot exchange-traded funds.&nbsp; 
According to CoinShares, outflows from digital asset investment products <a href="https://blog.coinshares.com/volume-180-digital-asset-fund-flows-weekly-report-998dde70036b" target="_blank" rel="">amounted</a> to $435 million, coinciding with a 6% drop in ETF trading volume. Activity reduced from over $18 billion two weeks ago to $11.8 billion last week.&nbsp; 
Bitcoin (<a href="https://crypto.news/price/bitcoin/" target="_blank" rel="">BTC</a>) and Ethereum (<a href="https://crypto.news/price/ethereum/" target="_blank" rel="">ETH</a>) comprised the lion’s share of exits, with $423 million and $38 million, respectively. The bulk of this pattern, primarily found in BTC, was recorded in the U.S. and mostly domiciled in <a href="https://crypto.news/?s=Grayscale" target="_blank" rel="">Grayscale’s</a> converted GBTC ETF. 
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 <img loading="lazy" decoding="async" width="1024" height="490" src="https://crypto.news/app/uploads/2024/04/Screenshot-427-1024x490.png" alt="Crypto investment outflows reach 3-week streak with $435m - 29"> 
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 BTC weekly chart | Source: CoinMarketCap
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 You might also like: <a href="https://crypto.news/as-bitcoin-outpaces-fiat-whats-next-for-global-finance/" rel=""> As Bitcoin outpaces fiat, what’s next for global finance? </a> 
Grayscale’s spot Bitcoin ETF lost $440 million in outflows. While this made up the smallest GBTC withdrawals weekly since March, inflows into new spot <a href="https://crypto.news/?s=bitcoin+etf" target="_blank" rel="">BTC ETFs</a> also declined.&nbsp;As Bitcoin prices stalled, only $126 million in cumulative capital flowed into 10 new spot BTC ETFs offered by firms like <a href="https://crypto.news/?s=BlackRock" target="_blank" rel="">BlackRock</a> and Fidelity.&nbsp; 
As Ethereum outflows correlated with BTC sentiment, crypto altcoin products garnered investments from asset managers and investors.&nbsp; 
<blockquote class="wp-block-quote"> 
 “A broad range of altcoins saw inflows, with investors choosing multi-coin investment products coupled with regular favorites Solana, Litecoin, and Chainlink.” <cite>CoinShares analysts</cite>
</blockquote> 
Over $9 million followed into these altcoin investment products, and Solana (<a href="https://crypto.news/price/solana/" target="_blank" rel="">SOL</a>) took the lead with $4 million in inflows. Litecoin (<a href="https://crypto.news/price/litecoin/" target="_blank" rel="">LTC</a>) followed with $3 million, and Chainlink (<a href="https://crypto.news/price/chainlink/" target="_blank" rel="">LINK</a>) attracted $2.8 million.&nbsp; 
 Read more: <a href="https://crypto.news/rfk-jr-s-blockchain-idea-ethereum-etfs-in-bitcoins-unlikely-bull-run-weekly-recap/" rel=""> RFK Jr.’s blockchain idea, Ethereum ETF approval in question, Bitcoin’s unlikely bull run | Weekly Recap </a>

Crypto investment outflows reach 3-week streak with $435m

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