XRP and Bitcoin in shambles. Saylor liquidation getting closer. Investors are selling crypto funds at a record pace.

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Investors are selling crypto funds at a record pace:

Crypto funds saw -$2.0 billion in outflows last week, the largest since February.

This also marks the 3rd consecutive weekly sale, bringing the total to -$3.2 billion.

Bitcoin led the outflows at -$1.4 billion, while Ethereum saw -$689 million, marking some of their biggest weekly losses this year.

As a result, average daily outflows as a % of assets under management over the last month have risen to the highest level on record.

Combined with price declines, total assets under management have dropped -27% from the October peak, to $191 billion.

This is a structural decline.