CoinShares report: Global crypto ETP outflows $3.74 billion in the past four weeks

The CoinShares report shows that a total of $3.74 billion in global cryptocurrency investment products have flowed out over the past four weeks, with $173 million flowing out last week. Research director James Butterfill stated that the selling pressure has eased but not reversed. At the beginning of last week, funds flowed in at $575 million, followed by an outflow of $853 million. On Friday, due to lower than expected CPI data, funds flowed in at $105 million. The trading volume of ETP decreased from $63 billion last week to $27 billion. The weekly outflow of US digital asset funds was $403 million, with a total inflow of $230 million from other regions, including $115 million from Germany, $46.3 million from Canada, and $36.8 million from Switzerland. Bitcoin investment products flowed out $133 million, Ethereum related funds flowed out $85.1 million, some altcoins recorded inflows, XRP flowed in $33.4 million, Solana flowed in $31 million, and Chainlink flowed in $1.1 million.