Crypto ETP Outflows Hit $1.47B as Bitcoin Leads Losses
Crypto investment products faced $1.47 billion in outflows last week, with Bitcoin funds driving the majority of the losses due to global risk-off sentiment.Summary
Crypto exchange-traded products experienced $1.47 billion in outflows last week, marking a second consecutive week of significant withdrawals. CoinShares reported that Bitcoin funds accounted for approximately $1.3 billion of this total, while Ether funds saw $223 million in exits. The decline is attributed to a deepening risk-off sentiment linked to geopolitical tensions, particularly regarding Iran.
Despite the broader market downturn, some altcoins demonstrated resilience. XRP and Solana recorded inflows of $31.8 million and $7.7 million, respectively. Geographically, the United States led the losses with $1.43 billion in outflows, though markets in Switzerland, Canada, Hong Kong, and Germany also saw withdrawals. Total assets under management in crypto ETPs currently stand at approximately $148.7 billion.
(Source：Cointelegraph)