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Crypto Funds Bleed $4.75B as Market Drop Erases Post-Election Gains

Crypto investment products have experienced significant outflows, totaling $4.75 billion over the past four weeks, as investors withdraw funds due to a continuing market downturn. Last week alone saw $876 million withdrawn, particularly from U.S. investors, contributing to a larger decline in total assets under management. Despite this bearish sentiment and the outflows mainly targeting Bitcoin and Ethereum-focused products, prices of cryptocurrencies like Bitcoin remain above pre-election levels, showing resilience in the market.

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