Institutional Outflows from Crypto ETPs and ETFs Reach $1.1B
- Bitcoin products saw $982M in outflows, while Ethereum experienced $249M in its largest weekly outflow since January 30.
- The US led with $1.14B in net outflows, while European countries like Switzerland and Germany recorded inflows of $22.8M and $22M, respectively.
- Altcoins such as XRP and Solana attracted significant inflows, with XRP gaining $67.6M and Solana $55.1M.
- This week’s Bitcoin outflow reduced year-to-date inflows to $3.9B, marking the third-largest weekly withdrawal of the year.
The substantial outflows from US-based crypto products highlight a regional divergence as Europe sees inflows, indicating differing macroeconomic perceptions between regions.
Source (3.2)https://cryptobriefing.com/coinshares-crypto-etp-etf-outflows/?rand=59535
