Last week recorded 240 million USD in outflows from cryptocurrency exchange-traded products (ETPs), reversing a two-week inflow trend of 870 million USD. Total holdings are now around 133 billion USD.
Bitcoin ETPs faced significant outflows of 207 million USD, leading to an overall monthly decline of 138 million USD. Ethereum ETPs saw 38 million USD in outflows but maintained year-to-date inflows of 279 million USD.
Grayscale led the outflow trend with 95 million USD withdrawn, bringing its total year-to-date outflows to 1.4 billion USD, the highest among ETP issuers. Despite recent declines, Bitcoin ETPs have seen 1.3 billion USD in year-to-date inflows.
Leave a Reply