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2w ago

Crypto Funds Log Fourth Week of Outflows as U.S. Withdrawals Persist

CoinShares says U.S. redemptions outweighed overseas inflows, signaling fragile demand.

Crypto’s red streak continues: Weak U.S. sentiment behind week 4 of outflows
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Overview

  • Digital-asset investment products saw net outflows of US$173 million last week, taking four-week withdrawals to US$3.74 billion.
  • The United States recorded US$403 million in outflows, while Europe and Canada collectively drew US$230 million in inflows led by Germany (US$115m), Canada (US$46.3m) and Switzerland (US$36.8m).
  • ETP trading volumes fell sharply to US$27 billion from a record US$63 billion the previous week.
  • Flows swung through the week with US$575 million of early inflows, US$853 million of midweek redemptions, and a US$105 million rebound on Friday after softer U.S. CPI.
  • Bitcoin posted US$133 million in outflows and Ethereum US$85.1 million, while XRP (US$33.4m), Solana (US$31m) and Chainlink (US$1.1m) attracted capital; short-Bitcoin products saw US$15.4 million of outflows over two weeks.