According to Digital Asset Investment Form Coinshares, Cryptocurrency Exchange-Traded Products (ETPS) recorded significant leaks last week, continuing investor fullback.
Crypto ETPS has leaked $ 445 million last week, lasting $ 580 million last week, COINSHARES reported on February 24.
Coinshares Research Head should pay investors’ migration according to the US president’s inauguration and after -market uncertainty due to the surge in sales pressure in the Crypto ETP sector, according to James Butterfill.
BTC (Bitcoin) ETP, the largest password asset based on market cap, suffered great losses again, and XRP (XRP) investment products saw a week’s main inflow.
Crypto ETP leaks were exclusive to Bitcoin last week.
Bitcoin Investment Products suffered the most losses last week and leaked $ 571 million.
In contrast, Altcoin ETP recorded some inflow or zero leaks, and XRP ETP purchased at $ 38 million.
Flow by assets (millions of dollars). Source: Coingecko
XRP ETPS has seen $ 880 million in the inflow since November 2024. This reflects the hope that the US Securities and Exchange Commission will withdraw the ripples and approve the SPOT XRP ETF.
Solana (SOL), ETHER (ETH) and SUI (SUI) recorded $ 8.9 million, $ 3.7 million and $ 1.5 million, respectively.
Blackrock’s Ishares ETF recorded a loss of $ 22 million.
During the last trading week, BLACKROCK’s Ishares Exchange Trade Fund (ETF) was marked as a rare event after seeing a loss of $ 22 million.
According to Coinshares, Prosshares ETF was one of the only major US ETPs that did not lose last week, resulting in $ 38 million.
The publisher flows (millions of dollars). Source: Coinshares
relevant: Blackrock Bitcoin ETF surpasses 50% market share despite three days of selling.
Meanwhile, Crypto ETP of GrayScale Investments and Fidelity Digital Assets has seen the biggest leak of $ 110 million and $ 160 million, respectively.
Regionally, the majority of Crypto ETP transactions came back from the United States, which leaked $ 560 million. The negative trend was not reflected in Europe, while Germany and Switzerland were flows $ 15 million and $ 15.8 million, respectively.
magazine: Is XRP going to $ 3.20? SEC withdraws the Coinbase litigation: HODLER ‘S DIGEST, February 16-22