Crypto ETPs see 4th straight week of outflows, totaling $876M — CoinShares
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With cumulative outflows reaching $4.75 billion over the past four weeks, the year-to-date inflows have dropped to $2.6 billion, according to CoinShares.
Cryptocurrency exchange-traded products (ETPs) recorded a fourth straight week of outflows, with $876 million in losses during the past trading week.
After posting record weekly outflows of $2.9 billion last week, crypto ETPs continued their downward trend, bringing the four-week total outflows to $4.75 billion, CoinShares reported on March 10.
While the pace of outflows slowed, investor sentiment remained bearish, according to James Butterfill, head of research at CoinShares.
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