<ul><li>Over $2.9 billion was withdrawn from crypto asset investment products in the past week, leading to a total outflow of $3.8 billion in three weeks.</li><li>Bitcoin accounted for the majority of the outflows, with $2.59 billion, while Ethereum saw its highest ever weekly outflows at $300 million.</li><li>Altcoins such as Solana and Ton experienced notable withdrawals, but Sui and XRP managed to attract inflows of $15.5 million and $5 million respectively.</li><li>Factors contributing to the outflows include the Bybit hack, a more hawkish Federal Reserve, and profit-taking after a 19-week inflow streak.</li></ul>

Bitcoin and Ethereum Take a Hit as Crypto Fund Outflows Reach $2.9 Billion

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