Cryptocurrency exchange-traded products (ETPs) experienced their fourth consecutive week of outflows, losing $876 million during the last trading week. According to CoinShares, these outflows have collectively reached $4.75 billion in the past four weeks, significantly affecting year-to-date inflows, which now stand at $2.6 billion. James Butterfill, head of research at CoinShares, noted that while the pace of outflows slowed, investor sentiment remained bearish, indicating potential market capitulation. The bulk of the outflows, amounting to $756 million, were attributed to Bitcoin ETPs, which comprised 86% of the total. Short-Bitcoin ETPs also witnessed outflows of $19.8 million, marking the largest decline since December 2024. Additionally, Ether ETPs recorded $89 million in outflows, with other notable losses seen in Tron and Aave ETPs. Conversely, Solana, XRP, and Sui ETPs experienced positive inflows totaling $16.4 million, $5.6 million, and $2.7 million, respectively. The total assets under management dropped by $39 billion to $142 billion, the lowest since mid-November 2024, driven by negative price movements and sustained outflows.

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