‘Ethereum investors buy the dip’ amid $513 million in weekly global crypto ETP outflows: CoinShares

Global crypto investment products experienced net outflows of $513 million last week, according to CoinShares data, as investors digested a recent liquidation cascade. CoinShares Head of Research James Butterfill noted that these outflows were largely U.S.-focused ($621 million), contrasting with inflows seen in Germany, Switzerland, and Canada. Bitcoin-based products accounted for the bulk of the outflows, losing $946 million, with U.S. spot Bitcoin ETFs seeing their second-largest outflows since launch. Conversely, Ethereum investors actively bought the dip, resulting in $205 million in net inflows for Ethereum-based funds, which offset some losses, although U.S. spot Ethereum ETFs still saw $311.8 million in outflows. Hype around potential Solana and XRP ETF launches also drove significant inflows for those respective asset-linked ETPs.

(Source：The Block)