Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»ETHEREUM NEWS»Global ETP investors are pulling $126 million from major cryptocurrencies in favor of altcoins like Polkadot.
ETHEREUM NEWS

Global ETP investors are pulling $126 million from major cryptocurrencies in favor of altcoins like Polkadot.

By Crypto FlexsApril 16, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Global ETP investors are pulling 6 million from major cryptocurrencies in favor of altcoins like Polkadot.
Share
Facebook Twitter LinkedIn Pinterest Email

Digital asset investment products suffered notable setbacks last week, with outflows reaching $126 million, according to CoinShares’ latest weekly report.

Bitcoin outflows accounted for a significant portion of total net flows this week, accounting for 87%. James Butterfill, head of research at CoinShares, attributed this trend to investors’ cautious stance after the end of the market’s price momentum.

He added that ETF/ETP trading activity has declined compared to the overall market, with total volume trading at just 31% last week. Despite this, trading volume per share increased slightly from $17 billion to $21 billion.

Ethereum has been experiencing outflows for 5 consecutive weeks.

Several Bitcoin investment products, including Grayscale GBTC, ProShares BITO, and Purpose ETF, primarily drove outflows, with cumulative flows reaching nearly $1 billion.

On the other hand, inflows from BlackRock IBIT, Fidelity FBTC and Ark 21Shares ARKB could only partially offset outflows, with Bitcoin products seeing total outflows of $110 million for the week.

Butterfill added:

“Regionally, the United States saw the largest outflow, totaling $145 million, followed by Switzerland and Canada with outflows of $5.7 million and $6 million, respectively. “German investors saw recent price weakness as an opportunity, with $29 million in inflows last week.”

Meanwhile, Ethereum continued its negative trajectory, recording a total outflow of $28.7 million for five consecutive weeks. Current monthly flows are negative $51.3 million and annual flows are only $23 million, indicating potential erosion of revenue this year.

Solana, which joined Ethereum in negative territory, recorded an outflow of $3.6 million, while the multi-asset product recorded an outflow of $5.6 million.

Interestingly, Short Bitcoin reversed its trend with $1.7 million inflows after three consecutive weeks of outflows. This signals a resurgence of bearish sentiment amid significant market volatility.

On the positive side, several altcoins have witnessed positive trends. Litecoin, XRP, and Polkadot attracted inflows of $1.6 million, $300,000, and $800,000, respectively. Lesser-known altcoins such as Decentraland, Basic Attention Token, and LIDO also saw inflows of $4.9 million, $2.9 million, and $1.8 million, respectively.

Mentioned in this article
recent Alpha market report
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Bitcoin dives for less than $ 102K in fading momentum and macroscopic uncertainty.

June 6, 2025

Enterprise Ethereum Alliance accelerates strategic vision with new leadership and board promises -Enterprise Ethereum Alliance

June 5, 2025

Checkpoint #3: June 2025 Stats Ether Leeum Foundation Blog

June 4, 2025
Add A Comment

Comments are closed.

Recent Posts

The HBAR price aims for $ 0.40 when a big decision of the SEC comes.

June 6, 2025

Why is the ecosystem of the SEI network boom in the second quarter?

June 6, 2025

Why is the ecosystem of the SEI network boom in the second quarter?

June 6, 2025

Start BTC, DOGE and ETH mining today!

June 6, 2025

AI increases artistry as an innovative creation at NVIDIA GTC Paris.

June 6, 2025

JPMORGAN accepts Bitcoin ETF with loan collateral: How investors can benefit

June 6, 2025

NVIDIA’s BLACKWELL Architecture MLPERF has set up new performance standards.

June 6, 2025

ZK-Proof Blockchain Altcoin Lagrange (LA) New Coinbase

June 6, 2025

ZK-Proof Blockchain Altcoin Lagrange (LA) New Coinbase

June 6, 2025

Bitfinex updates version 1.116 improved platforms

June 6, 2025

Encryption leverage: 2025 trend and change analysis

June 6, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

The HBAR price aims for $ 0.40 when a big decision of the SEC comes.

June 6, 2025

Why is the ecosystem of the SEI network boom in the second quarter?

June 6, 2025

Why is the ecosystem of the SEI network boom in the second quarter?

June 6, 2025
Most Popular

Bitcoin traders mark key level as BTC price hits $64K liquidity.

May 7, 2024

Kerala High School Hires Generating AI Teachers for Personalized Learning

March 8, 2024

‘The End of the Gom Market’ -An analyst says that Altcoins shines and updates for Bitcoin and Ethereum

May 29, 2025
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.