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Crypto Investment Products See $173 Million Outflows in Fourth Straight Week

Crypto Investment Products See $173 Million Outflows in Fourth Straight Week

CoinShares data shows global crypto ETP outflows persisting, fueled by U.S. withdrawals, while select altcoins like XRP and Solana see strong inflows across European markets.

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Fact Check
Multiple credible and authoritative sources linked to CoinShares' market research directly reference crypto investment product outflow figures around $173 million in a recent week, along with commentary that this marked the fourth consecutive week of outflows. This aligns closely with the given statement both in magnitude and temporal context. The figure also appears in outlets summarizing CoinShares' Digital Asset Fund Flows report, which is considered a primary and authoritative source for such data. No credible sources were found contradicting the claim or providing alternative figures for the same week. Although some related sources focus on larger cumulative outflows, they do not conflict with the $173 million weekly figure. The combination of direct numeric match, consistent reporting across multiple independent but authoritative financial publications, and the continuity of the four-week trend strongly supports the likelihood that the statement is accurate.
Summary

According to CoinShares, global crypto exchange-traded products (ETPs) recorded $173 million in weekly outflows, extending a four-week streak totaling $3.47 billion. The U.S. led with $403 million in withdrawals, contrasting with $230 million in inflows from other regions, including Germany, Canada, and Switzerland. Trading volumes fell sharply to $27 billion from $63 billion the previous week. Bitcoin products saw $133 million in outflows, driven by BlackRock IBIT's $235 million withdrawals, while Ethereum lost $85.1 million. Altcoin ETPs showed resilience, with XRP attracting $33.4 million and Solana $31 million in inflows.

Terms & Concepts
  • Outflows: Withdrawal of funds from an investment product, indicating reduced investor participation or profit-taking.
  • ETP: Exchange Traded Product, a type of security that tracks underlying assets like commodities, currencies, or cryptocurrencies, and trades on an exchange similar to stocks.
  • Crypto investment products: Financial instruments giving exposure to cryptocurrencies without directly holding the assets, such as ETFs and trusts.