by Aima Raza
Profitable investors sold their cryptocurrency exchange-traded products(ETPs) for a fifth straight week. Market investors accelerated their selling trend since they removed $1.7 billion from investments and stepped up liquidation pressure that had briefly slowed the previous week at $876 million.
CoinShares reported on March 17 that five weeks of market sell-offs now total $6.4 billion. Since CoinShares started tracking data in 2015 there have been no withdrawals as long as these recent continuous outflows. For seventeen continuous days crypto ETPs have experienced money moving out of the market. Since the start of the year investors have still chosen to put money into crypto through inflows of $912 million.
Bitcoin ETPs Face Heavy Outflows
Between March 10 and 14 Bitcoin ETP products lost $978 million worth of investments. The second week in March brought a second $756 million in funds that left the system. During five weeks Bitcoin ETPs lost $5.4 billion while accumulating $612 million in YTD inflows until mid-March.
The two networks lost $175 million and $2.2 million when investors withdrew funds from Ethereum and Solana ETPs. Despite all crypto ETP inflows decreasing, XRP received 1.8 million US dollars in recent investments from investors showing ongoing enthusiasm.
Total digital asset funds withdrawn from the United States crypto Exchange Traded Product market reached $1.2 billion. Europe experienced immense selling activity through 21Shares as this crypto ETP provider lost $534 million in funds last week more than any other provider.
ETP Outflows Reflect Investor Concerns
Although BlackRock remains one of the rare issuers recording positive year-to-date inflows, they lost $401 million in funds last week bringing their market losses to $594 million during this period. Despite significant market drops BlackRock leads other issuers with positive YTD inflows together with ARK Invest and ProShares.
ProShares reported positive $2 million cash inflows during this month which made it the only major issuer to attract investment even during the market downturn.Because one of its seed investors left Binance lost almost all of its assets under management and had $15 million left in its crypto ETP holdings.
Investors show caution about their market positions because they watch regulatory shifts while viewing economic patterns and how institutions engage with crypto assets. Market participants show no slowdown when it comes to selling crypto ETP products despite ongoing uncertainty.
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