U.S. Stocks See $2.5 Billion Outflow; $2.8 Billion Withdrawn from Stock Funds Amid $876 Million Crypto Outflows

In a notable shift in investor sentiment, U.S. stocks and cryptocurrency funds experienced substantial outflows. According to Bank of America (BofA) data, U.S. stocks saw their largest weekly outflow of the year, totaling $2.5 billion, while individual stocks recorded net withdrawals of $2.2 billion, excluding exchange-traded funds (ETFs). This trend marks a stark contrast to the previous 12 weeks, during which equities averaged inflows of $2.3 billion. Additionally, investors withdrew $2.8 billion from stock funds in the week leading up to Wednesday, marking the largest outflow year-to-date. In the cryptocurrency sector, funds experienced outflows of $876 million last week, following a record $3.0 billion outflow the week prior. Over the past four weeks, total outflows from crypto funds reached $4.8 billion. Real estate stocks also faced challenges, recording their biggest outflow since May 2022, amounting to $1.2 billion.