The comparison highlights how stress in the roughly $2 trillion private credit market can exceed withdrawals from crypto investment products in absolute dollar terms.
Redemption requests in the roughly $2 trillion private credit market climbed to $15.6 billion in the second quarter, a level described as dwarfing bitcoin ETF outflows. The comparison underscores the much larger pool of capital involved in private credit and shows that investor withdrawal pressure outside crypto can exceed flows from bitcoin exchange-traded funds in dollar terms.