Ethereum Funds Shed $222 Million as Crypto Bill Fears Rattle Investors

Ethereum funds experienced a significant outflow, losing $222 million as concerns over potential regulatory changes in the cryptocurrency sector unsettled investors. This decline marks the largest weekly withdrawal from Ethereum funds since June 2022. The overall sentiment in the crypto market has been affected by fears surrounding a proposed bill that could impose stricter regulations on digital assets. Despite the downturn, Bitcoin funds saw a smaller outflow of $17 million during the same period. Investors remain cautious as they await further developments regarding the regulatory landscape.

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