Today in crypto, cryptocurrency exchange-traded products (ETPs) experienced a fourth consecutive week of outflows, totaling $876 million. The primary contributors to this trend were Bitcoin ETPs, which saw outflows of $756 million, marking 85% of the total. Cumulative outflows over the past four weeks reached $4.75 billion, while total assets under management fell to $142 billion, the lowest since mid-November 2024. In regulatory news, the Utah Senate passed a Bitcoin bill without a significant reserve provision, granting basic protections to citizens for Bitcoin-related activities. The bill now awaits the governor's signature. Additionally, Binance co-founder CZ urged Elon Musk to eliminate automated bots from the platform X, highlighting the ongoing issues with bots that impersonate crypto figures and propagate scams.

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