{"id":17702,"date":"2025-03-18T23:15:23","date_gmt":"2025-03-18T23:15:23","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=17702"},"modified":"2025-03-18T23:15:23","modified_gmt":"2025-03-18T23:15:23","slug":"crypto-etps-see-1-7b-in-outflows-longest-streak-since-2015","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=17702","title":{"rendered":"Crypto ETPs see $1.7B in outflows, longest streak since 2015"},"content":{"rendered":"
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\"Crypto<\/p>\n

Cryptocurrency exchange-traded products (ETPs) continued seeing massive selling last week, recording the fifth week of outflows in a row, with $1.7 billion leaving the market.\u00a0<\/p>\n

After seeing slightly softened outflows of $876 million in the previous week, crypto ETP liquidations accelerated during the past trading week, bringing the total five-week outflows to $6.4 billion, CoinShares reported<\/a> on March 17.<\/p>\n

The ongoing outflows have also marked the 17th straight day of outflows, the longest negative streak since CoinShares started records in 2015, CoinShares\u2019 James Butterfill wrote.<\/p>\n

Despite notable negative sentiment, year-to-date (YTD) inflows remain positive at $912 million, he added.<\/p>\n

BTC ETP outflows: $5.4 billion in five weeks<\/h2>\n

After seeing $756 million outflows in the first week of March, Bitcoin (BTC<\/a>) ETPs saw increased selling in the trading week from March 10 to March 14, seeing a further $978 million outflows.<\/p>\n

The five-week selling streak brought total BTC ETP outflows to $5.4 billion, leaving just $612 million of YTD inflows by March 14.<\/p>\n

\"Investments,
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Flows by asset (in millions of US dollars). Source: CoinShares<\/em><\/p>\n<\/figcaption><\/figure>\n

Both Ether (ETH<\/a>) and Solana (SOL<\/a>) ETPs saw $175 million and $2.2 million outflows, respectively. XRP (XRP<\/a>) ETPs continued to go against the trend, seeing a further $1.8 million in inflows.<\/p>\n

European 21Shares sees largest outflows<\/h2>\n

According to CoinShares data, European crypto ETP provider 21Shares recorded the largest liquidations among issuers last week, totaling $534 million of outflows.<\/p>\n

Despite significant selling in Europe, the United States still saw the largest outflows among the analyzed regions, with $1.2 billion leaving its crypto ETP market.<\/p>\n

\"Crypto
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Flows by issuer (in millions of US dollars). Source: CoinShares<\/em><\/p>\n<\/figcaption><\/figure>\n

BlackRock, the largest crypto holder among all the issuers, saw $401 million of outflows, with month-to-date outflows expanding to $594 million.<\/p>\n

Related: <\/strong><\/em>Crypto market\u2019s biggest risks in 2025: US recession, circular crypto economy<\/strong><\/em><\/a><\/p>\n

ProShares is the only tracked major issuer that still has $2 million of inflows MTD. ProShares is also one of three major issuers that managed to maintain inflows YTD by March 14, including firms such as BlackRock and ARK Invest.<\/p>\n

Additionally, Binance saw almost all its assets under management wiped out by a seed investor exit, leaving just $15 million left, Butterfill noted.<\/p>\n

Magazine: <\/strong><\/em>XRP to $4 next? SBF\u2019s parents seek Trump pardon, and more: Hodler\u2019s Digest, Jan. 26\u2013Feb. 1<\/strong><\/em><\/a><\/p>\n