Weekly crypto ETP outflows top $1B, ending six-week positive streak amid Iran-linked risk-off: CoinShares

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Crypto funds experience a $1B outflow, ending a six-week streak of positive inflows, as Iran-linked geopolitical risk triggers a risk-off sentiment in the market. Major U.S. withdrawals contribute to the decline, with bitcoin being particularly affected. This shift in investor sentiment has significant implications for the crypto market, potentially impacting prices and investor confidence in the coming weeks.