Global crypto ETP outflows extend to fourth week as $3.7 billion exits in past month: CoinShares
Global crypto investment products saw a fourth straight week of outflows, totaling $3.74 billion withdrawn over the last month.Summary
Global crypto exchange-traded products (ETPs) experienced a fourth consecutive week of outflows, with $173 million pulled last week, contributing to a total withdrawal of $3.74 billion over the past four weeks, according to CoinShares data. This sustained selling pressure suggests moderation but not reversal in the month-long retrenchment. Trading activity also significantly cooled, with ETP volumes dropping to $27 billion from a previous record of $63 billion. A sharp regional divergence was noted, as U.S.-based funds accounted for $403 million in outflows, while regions like Germany, Canada, and Switzerland collectively saw $230 million in inflows. Bitcoin products led redemptions, but selective altcoins like XRP and Solana continued to attract capital.
(Source：The Block)