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Crypto ETPs see 4th straight week of outflows, totaling $876M — CoinShares
With cumulative outflows reaching $4.75 billion over the past four weeks, the year-to-date inflows have dropped to $2.6 billion, according to CoinShares.
Cryptocurrency exchange-traded products (ETPs) recorded a fourth straight week of outflows, with $876 million in losses during the past trading week.
After posting record weekly outflows of $2.9 billion last week, crypto ETPs continued their downward trend, bringing the four-week total outflows to $4.75 billion, CoinShares reported on March 10.
While the pace of outflows slowed, investor sentiment remained bearish, according to James Butterfill, head of research at CoinShares.
The analyst also suggested that the market has shown signs of capitulation.
https://cointelegraph.com/news/crypto-etps-4th-consecutive-outflows-at-876m-coin-shares 0 reply
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