XRP, Solana funds buck trend as crypto ETPs shed $454M
Crypto ETPs saw $454 million in outflows last week, though XRP and Solana funds experienced notable inflows.Summary
Crypto exchange-traded products (ETPs) experienced significant outflows totaling $454 million last week, nearly offsetting the $1.5 billion in inflows seen earlier in the year, according to a CoinShares report. This shift in sentiment was largely driven by Bitcoin, which saw outflows of about $405 million, and Ethereum, which shed $116 million. In contrast to the broader trend, funds tied to XRP attracted $46 million, and Solana products drew in $33 million, alongside minor inflows for Sui and Chainlink. The outflows reflect waning investor optimism regarding a potential March Federal Reserve rate cut following recent macroeconomic data. Geographically, US funds recorded the largest outflows, while Germany, Canada, and Switzerland saw inflows.
(Source：Crypto Briefing)