🚨 Crypto ETPs Face Record Outflows: $1.7B Lost in a Week 🚨
The crypto market just witnessed its longest streak of exchange-traded product (ETP) outflows since 2015, with $1.7 billion exiting last week alone. This marks 17 consecutive days of outflows, bringing the five-week total to $6.4 billion, according to CoinShares.
🔹 Bitcoin (BTC) ETPs led the sell-off, seeing $5.4 billion in outflows over five weeks, shrinking YTD inflows to just $612 million.
🔹 Ethereum (ETH) & Solana (SOL) ETPs weren’t spared, with $175M and $2.2M in outflows, respectively.
🔹 XRP ETPs defied the trend, attracting $1.8M in inflows amid broader selling pressure.
📉 Major Players Affected:
21Shares saw the highest outflows among European issuers ($534M).
U.S. markets led outflows with $1.2B exiting last week.
BlackRock, the largest crypto ETP issuer, lost $401M in outflows.
Binance’s AUM nearly wiped out due to a seed investor exit, leaving just $15M.
ProShares remains the only major issuer with inflows this month ($2M MTD).
Despite the turbulence, YTD inflows remain positive at $912M, suggesting investor interest hasn’t completely faded. The question now—is this a temporary setback or a broader shift in sentiment?
What’s your take on the current market dynamics? Are we seeing a correction before the next leg up, or is risk appetite fading for good?
