Crypto Exodus Accelerates!

Cryptocurrency exchange-traded products (ETPs) experienced a massive $1.7 billion outflow last week, marking the fifth consecutive week of declines. This brings total outflows to a staggering $6.4 billion over five weeks—an unprecedented streak since 2015, according to CoinShares. Despite such negative sentiment, year-to-date inflows remain positive at $912 million. Bitcoin bore the brunt, contributing $5.4 billion to these outflows. Ethereum and Solana saw $175 million and $2.2 million in outflows, respectively. Yet, XRP bucked the trend with $1.8 million in inflows.