Crypto ETPs have recorded their fourth consecutive week of outflows, reaching $876 million in losses.
Market Capitulation Continues
Following last week's record outflows of $2.9 billion, crypto ETPs continued to decline, indicating market capitulation. Total outflows over four weeks amounted to $4.75 billion, reflecting bearish investor sentiment according to CoinShares’ James Butterfill.
Bitcoin ETPs Lead Outflows
Bitcoin ETPs were the main driver of outflows, accounting for $756 million or 85% of the last week's total. Short-Bitcoin ETPs saw outflows of $19.8 million, the largest since December 2024.
Altcoins Also at Risk
Bearish sentiment extended to other altcoins: Ether ETPs experienced outflows of $89 million, Tron and AAVE also faced significant losses of $32 million and $2.4 million, respectively. However, Solana, XRP, and SUI saw inflows of $16.4 million, $5.6 million, and $2.7 million, respectively.
Despite the ongoing outflows and market volatility, certain crypto assets are showing signs of resilience, though bearish sentiments continue to prevail overall.
