Global Crypto ETP Markets Face Continued Outflows
According to newly released industry weekly reports, global crypto exchange-traded products (ETPs) have experienced net outflows for the fourth consecutive week. Last week saw outflows of $173 million, bringing the total outflows over the past four weeks to $3.74 billion.
Regional Fund Flow Divergence
Notably, U.S.-listed crypto ETPs saw significant outflows of $403 million, while European and Canadian markets recorded a combined inflow of $230 million, indicating clear regional differences.
- Germany attracted the most inflows at $115 million
- Canada recorded inflows of $46.3 million
- Switzerland saw $36.8 million in inflows
Performance Across Asset Classes
Analysis by asset class reveals notable divergences:
- Bitcoin-related products faced outflows of $133 million
- Ethereum products experienced $85.1 million in outflows
- Bearish Bitcoin products saw $15.4 million in outflows over two weeks
Interestingly, several alternative cryptocurrencies performed well:
- XRP attracted $33.4 million in inflows
- Solana received $31 million in new investments
- Chainlink recorded $1.1 million in inflows
Market Sentiment and Trading Activity
Industry analysts noted that while the pace of outflows has significantly slowed compared to the $1.7 billion in withdrawals seen earlier in the month, the overall market sentiment hasn't fundamentally shifted. At the same time, ETP trading volume dropped dramatically from a record $6.3 billion in the previous week to $2.7 billion, indicating a significant cooling in speculative activity.