Crypto ETPs see 4th straight week of outflows, totaling $876M — CoinShares

Cryptocurrency exchange-traded products (ETPs) recorded a 4th consecutive week of outflows, with $876 cardinal successful losses during the past trading week.

After posting record play outflows of $2.9 cardinal past week, crypto ETPs continued their downward trend, bringing the four-week full outflows to $4.75 billion, CoinShares reported connected March 10.

While the gait of outflows slowed, capitalist sentiment remained bearish, according to James Butterfill, caput of probe astatine CoinShares.

The expert besides suggested that the marketplace has shown signs of capitulation.

Bitcoin ETP selling accounted for 86% of full outflows

Bitcoin (BTC) ETPs were the superior operator of outflows, accounting for $756 million, oregon 85% of past week’s total. Short-Bitcoin ETPs besides saw outflows of $19.8 million, the astir since December 2024. 

With cumulative outflows reaching $4.75 cardinal implicit the past 4 weeks, the year-to-date inflows dropped to $2.6 billion.

Weekly crypto ETP flows since precocious 2024. Source: CoinShares

Total assets nether absorption (AUM) declined by $39 cardinal to $142 billion, the lowest constituent since mid-November 2024, driven by some antagonistic terms movements and sustained outflows, Butterfill noted.

Most altcoins shared bleeding sentiment

This bearish sentiment was besides observed among a wide scope of altcoins past week, with Ether (ETH) ETPs seeing $89 cardinal of outflows.

Tron (TRX) and Aave (AAVE) were besides among the astir notable ETP losers, seeing $32 cardinal and $2.4 cardinal successful outflows, respectively, according to the report.

Flows by plus (in millions of US dollars). Source: CoinShares

Conversely, Solana (SOL), XRP (XRP) and Sui (SUI) continued to spot inflows totaling $16.4 million, $5.6 cardinal and $2.7 million, respectively, Butterfill wrote.

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