๐จ๐จ #CryptoETPs ๐จ๐จ
๐ข Q: What are the recent trends in Crypto ETPs amid market uncertainty?
๐๐ธ Massive Outflows: Crypto exchange-traded products (ETPs) saw $508 million in outflows last week, following $415 million the previous week.
๐๏ธ๐ Market Uncertainty: Outflows were driven by investor caution after the U.S. presidential inauguration and concerns over trade tariffs, inflation, and monetary policy.
๐จ Bitcoin Hit the Hardest: Bitcoin (BTC) ETPs recorded $571 million in outflows, suffering the most losses.
๐ช๐ Altcoins See Inflows: While Bitcoin saw heavy selling, some altcoin ETPs recorded inflows:
โก XRP (XRP): $38 million in inflows ๐ฐ
๐ฅ Solana (SOL): $8.9 million inflows ๐
๐ Ethereum (ETH): $3.7 million inflows ๐
๐ Sui (SUI): $1.5 million inflows ๐
๐ฆ Institutional & Regional Trends
๐ป Grayscale & Fidelity Lead Outflows:
Grayscale Investments: $170 million outflows โ
Fidelity Digital Assets: $166 million outflows ๐
๐ BlackRock iShares ETFs: Faced rare losses of $22 million.
โ ProShares ETFs: One of the few U.S. crypto ETPs that saw gains, recording $38 million inflows.
๐บ๐ธ๐ U.S. Sees Major Outflows: A staggering $560 million in crypto ETP outflows came from the U.S.
๐ช๐บ๐ Europe Holds Strong:
๐ฉ๐ช Germany: $30.5 million inflows ๐ถ
๐จ๐ญ Switzerland: $15.8 million inflows ๐ฆ