According to @KobeissiLetter, crypto funds recorded $2.0 billion of outflows last week, the largest since February, marking a third straight weekly sale and totaling $3.2 billion over three weeks, source: @KobeissiLetter. Bitcoin (BTC) led with $1.4 billion of outflows and Ethereum (ETH) saw $689 million, among their biggest weekly losses this year, source: @KobeissiLetter. Average daily outflows as a percentage of assets under management over the past month reached a record high, source: @KobeissiLetter. Combined with price declines, total crypto fund AUM has fallen 27% from the October peak to $191 billion, source: @KobeissiLetter. This move was characterized as a structural decline by @KobeissiLetter, source: @KobeissiLetter.