Investors dumped shares of Bitcoin and Ether exchange-traded funds in droves as the world’s two largest cryptocurrencies plunged to their lowest price levels in months amid a global equity selloff.
Bitcoin and Ether investment products saw outflows of $400 million and $146 million, respectively, in the week ended Aug. 3, according to CoinShares Ltd. data. Bitcoin ETFs had their worst one-day outflows in about three months on Friday.
