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🚨 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? #crypto #ETPs s #bitcoin oin #Ethereum #CryptoMarket
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Bitcoin ETFs experienced a remarkable surge, acquiring nearly two months' worth of Bitcoin mining supply in the first week of June.
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Sam Trabucco supports Ryan Salame during his sentencing after FTX's collapse. Why did he stay silent until now? What does this mean for Sam Bankman-Fried's circle? Sam Trabucco, a prominent figure in Sam Bankman-Fried’s inner circle, has reappeared publicly following the collapse of FTX in late 2022. He has come forward to support his former colleague, Ryan Salame, as Salame faces sentencing. Trabucco wrote in a letter of endorsement, “I will be missing the funniest, most passionate, most supportive friend I’ve ever had.” This letter, included in recent court filings, represents Trabucco’s first public statement since FTX declared bankruptcy in November 2022. Read more on this at www.theafricancrypto.com
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Uniswap recently announced that candlestick charts are now available on their platform, enhancing users’ ability to make informed financial decisions. This new feature visually represents an asset’s trading activity, aiding investors in analyzing price movements and market sentiment. The announcement of candlestick charts on Uniswap was made via a post on the official Uniswap Labs X page and has generated excitement and interest within the cryptocurrency community.
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Binance conducts periodic reviews of all listed spot trading pairs, and may delist selected spot trading pairs due to multiple factors, such as poor liquidity and trading volume. Based on our most recent reviews, Binance will remove and cease trading on the following spot trading pairs: At 2024-03-29 03:00 (UTC): GNS/BTC, XVG/TUSD
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Ethereum News: Ethereum Undervalued Against Bitcoin, But Recovery Uncertain Amid Stagnant Network and Weak Institutional Demand
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Bitcoin News Today: New Bitcoin Bull Cycle? $100K Price Target Gains Momentum as Realized Cap Hits Record High
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Crypto Market Rebounds 10.8% in April as Bitcoin Leads Institutional Adoption — Binance Research Report
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