Data: Global Crypto ETP Sees Fourth Consecutive Week of Outflows, with Total Withdrawals of $3.74 Billion Over Four Weeks

BlockBeats News, February 16th. According to the latest weekly report from CoinShares, global cryptocurrency exchange-traded product (ETP) saw net outflows for the fourth consecutive week, with outflows of $173 million last week, totaling $3.74 billion in outflows over the past four weeks.

In particular, U.S.-listed products saw outflows of $403 million in a single week, while Europe and Canada collectively saw net inflows of $230 million, showing significant regional divergence. Germany ($115 million), Canada ($46.3 million), and Switzerland ($36.8 million) led in inflows.

Looking at asset classes, Bitcoin-related products saw outflows of $133 million; Ethereum products saw outflows of $85.1 million; Bitcoin short products saw outflows of $15.4 million over the past two weeks. Some altcoins, however, bucked the trend with inflows: XRP saw $33.4 million in inflows, Solana saw $31 million in inflows, and Chainlink saw $1.1 million in inflows.

James Butterfill, Director of Research at CoinShares, stated that despite the sell pressure, with a significant slowdown from the $1.7 billion outflow at the beginning of the month, market sentiment has not yet reversed. Meanwhile, ETP trading volume dropped from the previous week's record of $63 billion to $27 billion, indicating a significant decline in speculative activity.