Cryptocurrency exchange-traded products (ETPs) have experienced significant selling over the last few weeks, with a total of $1.7 billion exiting the market just last week. This marks the fifth consecutive week of outflows, culminating in a total of $6.4 billion in outflows over five weeks, according to CoinShares. The current streak of outflows has reached 17 consecutive days, the longest since CoinShares began tracking this data in 2015. Despite the negative trend, year-to-date inflows for cryptocurrency ETPs still show a positive total of $912 million. Breaking it down, Bitcoin ETPs alone have seen outflows of $5.4 billion during this five-week period, contrasting sharply with only $612 million in YTD inflows. Other assets, such as Ethereum and Solana, also experienced outflows of $175 million and $2.2 million, respectively. Notably, XRP ETPs bucked the trend, observing a small inflow of $1.8 million. This situation reflects a broader caution among investors in the cryptocurrency market, raising questions about the future of ETP investments.

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