Crypto Outflows Hit $1.7B Record Low

Institutional Crypto Products Experience Significant Outflows

• Digital asset investment products faced outflows totaling US$1.7 billion over the past week.
• This marks the fifth consecutive week of outflows, with a cumulative total of US$6.4 billion.
• The United States accounted for US$1.2 billion, or 93% of all outflows.
• Bitcoin experienced US$978 million in outflows, totaling US$5.4 billion over five weeks.
• XRP and Cardano saw inflows of $1.8 million and $0.4 million, respectively.
• Ethereum products had outflows amounting to $176 million.

The digital asset market is witnessing its longest negative streak since records began in 2015, with Bitcoin bearing the majority of recent outflows at US$978 million this week alone.