Global crypto ETPs see $1.2 billion in weekly outflows, driven by post-liquidity cascade volatility: CoinShares

Global crypto investment products, managed by firms like BlackRock and Fidelity, saw net outflows totaling $1.17 billion last week, according to CoinShares. CoinShares Head of Research James Butterfill attributed the negative sentiment to ongoing market volatility following an October 10th liquidity cascade and uncertainty regarding a potential December U.S. interest rate cut. U.S.-based funds accounted for the majority of the outflows, recording $1.22 billion in net outflows, while Switzerland, Germany, and Brazil saw net inflows. Bitcoin ETPs led the outflows with $932 million exiting, while U.S. spot Bitcoin ETFs alone lost $1.2 billion, led by BlackRock's IBIT. Ethereum products also struggled with $438 million in global net outflows. Conversely, Solana ETPs continued their strong trend, recording $118 million in net inflows last week.

(Source：The Block)