Crypto ETP selling cools as funds see $187M of fresh outflows

Crypto ETP outflows slowed after weeks of losses, with a record $63 billion in trading volume, suggesting a “potential market nadir,” CoinShares said.

Crypto investment products logged a third straight week of outflows, though the pace of selling eased markedly as digital asset prices steadied after a sharp downturn.

Crypto exchange-traded products (ETPs) recorded $187 million in outflows during the week, a sharp drop from the $3.43 billion seen over the previous two weeks, CoinShares reported on Monday.

The slowdown came as Bitcoin (BTC) fell to its lowest level since November 2024, with the price touching $60,000 on Coinbase last Thursday.

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