Crypto ETP weekly inflows fall to $527M amid DeepSeek panic and Trump tariffs
Cryptocurrency exchange-traded products (ETPs) faced a tough week, with inflows dropping to $527 million, a 72% decrease from the prior week's $1.9 billion. This drop was linked to investor panic around DeepSeek news and concerns about a global trade war following President Donald Trump's stricter tariffs. Notably, $530 million in outflows occurred on January 27 due to these concerns. Bitcoin ETPs led with $486 million in inflows, while XRP continued to gain, attracting $14.5 million in the same period, marking it as a strong performer among altcoins with year-to-date inflows of $105 million. Grayscale experienced accelerated selling, with $298 million in outflows, extending total year-to-date outflows to $690 million. The overall market sentiment was also impacted by comments from Jim Cramer on Bitcoin, which historically relate inversely to market movements. Other factors included Tether delistings in the EU, adding to the market's volatility.
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