Global Crypto ETPs Record $173M Outflows in Fourth Consecutive Week, $3.74B Total

Global crypto asset ETPs recorded net outflows of $173 million last week, marking the fourth consecutive week of withdrawals and bringing the four-week total to $3.74 billion, CoinShares data show. Trading volumes fell sharply from a record $63 billion to $2.7 billion, while last week saw $575 million of inflows early on, followed by $853 million of outflows and a brief $105 million inflow Friday after weaker-than-expected CPI data. The U.S. posted $403 million in net outflows as Germany, Canada and Switzerland brought in $115 million, $46.3 million and $36.8 million respectively, with Bitcoin products recording $133 million of outflows, Ethereum funds seeing $85.1 million of redemptions, and XRP, Solana and Chainlink drawing inflows of $33.4 million, $31 million and $1.1 million respectively.