Last week witnessed a significant downturn in global crypto funds, with investors withdrawing a record-breaking $942 million, according to CoinShares International Ltd. This reversal comes after a seven-week streak of inflows totaling over $12 billion, propelling Bitcoin to an all-time high of $73,750.07 on March 14. However, the subsequent decline in Bitcoin's value has left investors cautious, leading to decreased inflows into new ETF issuers in the US. Despite this, new exchange-traded funds managed to attract $1.1 billion in inflows, partially offsetting the substantial $2 billion outflows from incumbent Grayscale.