🚨 Crypto ETPs Face Record Outflows: $2.9 Billion Pulled in a Week 🚨
The cryptocurrency market just witnessed its worst week ever for exchange-traded products (ETPs), with a staggering $2.9 billion in outflows. Over the past three weeks, total withdrawals have reached $3.8 billion, highlighting increasing investor caution.
📉 Key Highlights:
🔹 BlackRock’s IBIT saw a record $1.3 billion in withdrawals.
🔹 Bitcoin$BTC funds took the biggest hit, losing $2.6 billion.
🔹 Overall, crypto ETPs are facing unprecedented selling pressure.
As market uncertainty grows, what’s next for institutional crypto investments? Are we seeing a temporary dip or a shift in sentiment?