NEW: Unlock the Future of Finance with CRYPTO ENDEVR - Explore, Invest, and Prosper in Crypto!
Crypto Endevr
  • Top Stories
    • Latest News
    • Trending
    • Editor’s Picks
  • Media
    • YouTube Videos
      • Interviews
      • Tutorials
      • Market Analysis
    • Podcasts
      • Latest Episodes
      • Featured Podcasts
      • Guest Speakers
  • Insights
    • Tokens Talk
      • Community Discussions
      • Guest Posts
      • Opinion Pieces
    • Artificial Intelligence
      • AI in Blockchain
      • AI Security
      • AI Trading Bots
  • Learn
    • Projects
      • Ethereum
      • Solana
      • SUI
      • Memecoins
    • Educational
      • Beginner Guides
      • Advanced Strategies
      • Glossary Terms
No Result
View All Result
Crypto Endevr
  • Top Stories
    • Latest News
    • Trending
    • Editor’s Picks
  • Media
    • YouTube Videos
      • Interviews
      • Tutorials
      • Market Analysis
    • Podcasts
      • Latest Episodes
      • Featured Podcasts
      • Guest Speakers
  • Insights
    • Tokens Talk
      • Community Discussions
      • Guest Posts
      • Opinion Pieces
    • Artificial Intelligence
      • AI in Blockchain
      • AI Security
      • AI Trading Bots
  • Learn
    • Projects
      • Ethereum
      • Solana
      • SUI
      • Memecoins
    • Educational
      • Beginner Guides
      • Advanced Strategies
      • Glossary Terms
No Result
View All Result
Crypto Endevr
No Result
View All Result

Crypto ETPs See Record $2.9B Outflow With Bitcoin Leading Three-Week Streak: CoinShares

Crypto ETPs See Record .9B Outflow With Bitcoin Leading Three-Week Streak: CoinShares
Share on FacebookShare on Twitter

Here is the rewritten content:

Global Cryptocurrency Exchange-Traded Products Suffer Largest Weekly Outflow on Record

Investors Pull $2.9 Billion from Crypto ETPs, Marking a Shift in Sentiment

A recent report by CoinShares reveals that cryptocurrency exchange-traded products (ETPs) experienced their largest weekly outflow on record, with investors withdrawing approximately $2.9 billion from these funds. This significant shift in sentiment marks a departure from the prolonged period of steady investment into digital asset products.

A Three-Week Streak of Outflows Totals $3.8 Billion

This latest wave of withdrawals is part of a three-week streak of outflows, with a cumulative total of $3.8 billion. According to James Butterfill, a research analyst at CoinShares, several factors are likely driving the sell-off, including mounting investor concerns following the recent $1.5 billion hack on crypto exchange Bybit and the Federal Reserve’s increasingly hawkish stance on monetary policy.

Bitcoin Takes the Brunt of the Outflows

Bitcoin, the largest cryptocurrency by market capitalization, was particularly hard hit, losing $2.6 billion over the past week. In contrast, funds that bet against Bitcoin, known as short Bitcoin ETPs, saw only a modest inflow of $2.3 million, indicating that bearish sentiment has not yet fully taken hold.

A Few Assets Buck the Trend

While most assets struggled, a few bucked the trend. Sui (SUI) emerged as the top performer, attracting $15.5 million in inflows, followed by XRP (XRP), which also drew fresh investment.

Spot Bitcoin ETFs Face a Tough Week

Spot Bitcoin ETFs faced one of their toughest weeks yet, with investors pulling significant capital from these funds. BlackRock’s iShares Bitcoin Trust (IBIT), the largest of its kind, recorded a staggering $1.3 billion in outflows, the highest weekly withdrawal since its launch.

Institutional Positioning Shifts

CME Bitcoin futures open interest dropped sharply over the past two weeks, falling from 170,000 BTC to 140,000 BTC, signaling a potential shift in institutional positioning. The three-month futures annualized rolling basis is yielding 7%, only slightly higher than the 4% yield offered by short-term U.S. Treasuries, making the trade less attractive for investors.

Hedge Funds Unwind Basis Trade

"This tells me the hedge funds are starting to unwind their basis trade position, which is a net-neutral position," said James Van Straten, analyst at CoinDesk. "With a narrowing spread between futures yields and risk-free returns, traders may be reallocating capital away from bitcoin derivatives in favor of safer, more liquid assets."

Conclusion

The recent outflow from cryptocurrency ETPs is a significant shift in sentiment, indicating that investors are reevaluating their exposure to these assets. As the market navigates this new landscape, it will be essential for investors to stay informed about the latest developments and trends.

Frequently Asked Questions

Q: What is the cause of the recent outflow from cryptocurrency ETPs?

A: The outflow is attributed to mounting investor concerns following the recent $1.5 billion hack on crypto exchange Bybit and the Federal Reserve’s increasingly hawkish stance on monetary policy.

Q: How much did investors withdraw from cryptocurrency ETPs?

A: Investors withdrew approximately $2.9 billion from cryptocurrency ETPs over the past week.

Q: What was the total amount withdrawn over the past three weeks?

A: The total amount withdrawn over the past three weeks is $3.8 billion.

Q: How did Bitcoin perform during this period?

A: Bitcoin lost $2.6 billion over the past week, taking the brunt of the outflows.

cryptoendevr

cryptoendevr

Related Stories

Sanctioned Russian Crypto Exchange Garantex Seized, Operators Charged With Money Laundering

Sanctioned Russian Crypto Exchange Garantex Seized, Operators Charged With Money Laundering

March 7, 2025
0

Here is the rewritten content in HTML format with all tags properly closed: Garantex, Russian Crypto Exchange, Taken Down by...

ADA, XRP, SOL Plunge as White House Backpedals on Trump’s Crypto Reserve Plan

ADA, XRP, SOL Plunge as White House Backpedals on Trump’s Crypto Reserve Plan

March 7, 2025
0

Here is the rewritten content: White House Official Backtracks on Cryptocurrency Reserve Plan Trump's Announcement Sparks Confusion and Criticism In...

BTC Staking Platform Core Seeks Further Institutional Reach With APAC Custodian Cobo

BTC Staking Platform Core Seeks Further Institutional Reach With APAC Custodian Cobo

March 7, 2025
0

Here is the rewritten content: Core and Cobo Team Up to Expand Institutional Reach in Asia-Pacific Region Core, the issuer...

As Crypto Summit Nears, White House Maintains Special Status for Bitcoin

As Crypto Summit Nears, White House Maintains Special Status for Bitcoin

March 7, 2025
0

President Trump's Order to Establish a Bitcoin Reserve: A New Era for the Crypto Industry? White House Official Clarifies Intentions...

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Cryptocurrency News Live: Bitcoin & Ethereum Updates – Moneycontrol

Cryptocurrency News Live: Bitcoin & Ethereum Updates – Moneycontrol

July 10, 2025
Iran / US Retaliation & Correlation with Crypto 📈

Iran / US Retaliation & Correlation with Crypto 📈

July 10, 2025
Ether Rally To K Possible As ETF Flows, Futures OI Soar

Ether Rally To $3K Possible As ETF Flows, Futures OI Soar

July 10, 2025
Rex-Osprey Solana staking ETF doubles cumulative inflows to M on July 8

Rex-Osprey Solana staking ETF doubles cumulative inflows to $41M on July 8

July 10, 2025
BTR: AI, Compliance, and the Future of Mainframe Modernization

BTR: AI, Compliance, and the Future of Mainframe Modernization

July 10, 2025

Our Newsletter

Join TOKENS for a quick weekly digest of the best in crypto news, projects, posts, and videos for crypto knowledge and wisdom.

CRYPTO ENDEVR

About Us

Crypto Endevr aims to simplify the vast world of cryptocurrencies and blockchain technology for our readers by curating the most relevant and insightful articles from around the web. Whether you’re a seasoned investor or new to the crypto scene, our mission is to deliver a streamlined feed of news and analysis that keeps you informed and ahead of the curve.

Links

Home
Privacy Policy
Terms and Services

Resources

Glossary

Other

About Us
Contact Us

Our Newsletter

Join TOKENS for a quick weekly digest of the best in crypto news, projects, posts, and videos for crypto knowledge and wisdom.

© Copyright 2024. All Right Reserved By Crypto Endevr.

No Result
View All Result
  • Top Stories
    • Latest News
    • Trending
    • Editor’s Picks
  • Media
    • YouTube Videos
      • Interviews
      • Tutorials
      • Market Analysis
    • Podcasts
      • Latest Episodes
      • Featured Podcasts
      • Guest Speakers
  • Insights
    • Tokens Talk
      • Community Discussions
      • Guest Posts
      • Opinion Pieces
    • Artificial Intelligence
      • AI in Blockchain
      • AI Security
      • AI Trading Bots
  • Learn
    • Projects
      • Ethereum
      • Solana
      • SUI
      • Memecoins
    • Educational
      • Beginner Guides
      • Advanced Strategies
      • Glossary Terms

Copyright © 2024. All Right Reserved By Crypto Endevr