According to Bloomberg, a report from CoinShares International Ltd shows that demand for global cryptocurrency funds has fallen for the second consecutive week as investors worry that interest rates will not fall in the short term. The report shows that crypto asset outflows totaled $206 million in the week ending April 19. Investors withdrew $244 million from U.S. ETFs, with outflows mainly coming from existing funds, while newly issued ETFs continued to see inflows, albeit lower than in previous weeks. Data shows that investors may have withdrawn funds in anticipation that the Federal Reserve will keep these high interest rates for a longer period of time. The U.S. spot Bitcoin ETF, which began trading earlier this year after receiving approval from the U.S. Securities and Exchange Commission, saw an outflow of $192 million in a week, but "few investors saw this as an opportunity to short." Funds holding Ethereum saw an outflow of $34.2 million, marking the sixth consecutive week of outflows. Cryptocurrency-related stocks saw outflows for the 11th consecutive week, with a total outflow of $9 million during the period, as "investors continue to worry about the impact of halving on crypto mining companies."