Crypto funds endure first negative week in seven as $1.07B exit markets

Crypto funds recorded $1.07 billion in net outflows for the week ending May 16, the first negative weekly figure in seven weeks and the third-largest single-week outflow of 2026 to date. Only two weeks in late January saw larger withdrawals from the category, according to data from CoinShares. Total assets under management fell to $157...