HomeCryptocurrencyCrypto ETPs see $1.7B in outflows, longest streak since 2015

Crypto ETPs see $1.7B in outflows, longest streak since 2015


Cryptocurrency exchange-traded products (ETPs) continued seeing massive selling last week, recording the fifth week of outflows in a row, with $1.7 billion leaving the market.Ā 

After seeing slightly softened outflows of $876 million in the previous week, crypto ETP liquidations accelerated during the past trading week, bringing the total five-week outflows to $6.4 billion, CoinShares reported on March 17.

The ongoing outflow strike has also marked the 17th straight day of outflows, the longest negative streak since CoinShares started records in 2015, CoinSharesā€™ James Butterfill wrote.

Despite notable negative sentiment, year-to-date (YTD) inflows remain positive at $912 million, he added.

Bitcoin ETP outflows: $5.4 billion in five weeks

After seeing $756 million outflows in the first week of March, Bitcoin (BTC) ETPs saw increased selling in the trading week from March 10 to March 14, seeing a further $978 million outflows.

The five-week selling streak brought total BTC ETP outflows to $5.4 billion, leaving just $612 million of YTD inflows by March 14.

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

Both Ether (ETH) and Solana (SOL) ETPs saw $175 million and $2.2 million outflows, respectively. XRP (XRP) ETPs continued to go against the trend, seeing a further $1.8 million in inflows.

This is a developing story, and further information will be added as it becomes available.

Magazine: XRP to $4 next? SBFā€™s parents seek Trump pardon, and more: Hodlerā€™s Digest, Jan. 26 ā€“ Feb. 1



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