Data: Global encrypted ETP net outflow for the fourth consecutive week, with a cumulative withdrawal of $3.74 billion over the four weeks On February 16th, according to the latest weekly report data from CoinShares, global cryptocurrency exchange traded products (ETPs) recorded net outflows for the fourth consecutive week, with a total outflow of $173 million last week and a cumulative withdrawal of $3.74 billion over the past four weeks. Among them, the US listed products had a weekly outflow of 403 million US dollars, while Europe and Canada recorded a total net inflow of 230 million US dollars, showing significant regional differentiation. Germany ($115 million), Canada ($46.3 million), and Switzerland ($36.8 million) had the highest inflow of funds. Looking at asset categories, Bitcoin related products saw an outflow of $133 million; Ethereum product outflow of $85.1 million; Short selling Bitcoin products resulted in an outflow of $15.4 million over the past two weeks. Some altcoins have taken in against the trend, with XRP receiving $33.4 million, Solana receiving $31 million, and Chainlink receiving $1.1 million. James Butterfill, head of research at CoinShares, stated that despite a significant slowdown in selling pressure compared to the $1.7 billion outflow at the beginning of the month, market sentiment has not yet reversed. At the same time, the trading volume of ETP has dropped from a record high of $63 billion the previous week to $27 billion, indicating a significant decrease in speculative activity.