Bitcoin leads the pack as crypto outflows mark 5 weeks There | Crypto Portal

Bitcoin leads the pack as crypto outflows mark 5 weeks

There is nothing about the crypto asset securities markets that suggests that investors and issuers are less deserving of the protections of our securities laws…Given that most crypto tokens are subject to the securities laws, it follows that most crypto intermediaries have to comply with securities laws as well.

Bitcoin suffers the most
Bitcoin investment products saw the removal of $45 million last week from crypto funds, accounting for almost 90% of the total outflows recorded. With the leading coin registering only outflows since the month began, last week’s liquidity exit brought the coin’s month-to-date outflows to $118 million.

Ethereum takes a backseat
While other leading altcoins posted inflows, leading altcoin Ethereum [ETH] witnessed withdrawals amounting to $4.8 million. This brought its YTD outflows to $118 million.