Last week, cryptocurrency exchange-traded products (ETPs) experienced a significant outflow of $508 million, with Bitcoin ETPs alone facing losses of $571 million. Investor sentiment remained cautious, contributing to this trend of divestment. CoinShares reported that despite the overall outflows, XRP funds attracted $38 million in inflows. The recent market downturn, marked by uncertainty surrounding Bitcoin, primarily fueled the selling pressure. In contrast, altcoin ETPs fared better, with Solana, Ether, and Sui all seeing minor inflows. Notably, BlackRock’s iShares ETFs recorded losses of $22 million, while ProShares ETFs performed on the upside with $38 million in inflows. From a regional perspective, the US led crypto ETP trading with $560 million in outflows, whereas Europe, particularly Germany and Switzerland, saw a positive trend with continued inflows of $30.5 million and $15.8 million, respectively.

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