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.