Cryptocurrency Exchange-Traded Products (ETP) continued to see a huge sale last week, recording the fifth week of flowing in a row, with $ 1.7 billion leaving the market.
After seeing a slight softening of $ 876 million in the past week, liquid crypto ETPs accelerated in the previous week of trading, carrying a total of five weeks of flow to $ 6.4 billion, coinshares reported On March 17th.
The ongoing flow of flow also marked the 17th straight day of the flow, the longest negative stripes since Coinshares started the records in 2015, Coinshares’ James Butterfill wrote.
Despite well-known negative emotions, year-to-date flows (YTD) remain positive at $ 912 million, he added.
The Bitcoin ETP Outflows: $ 5.4 billion in five weeks
After seeing the $ 756 million streams in the first week of March, the Bitcoin (Btc) ETPs have seen the sale increase in the trade week from March 10 to March 14, seeing an additional $ 978 million flow.
The five-week sale of the streak brought the total BTC ETP outflows to $ 5.4 billion, leaving only $ 612 million of YTD flows on March 14th.
Flow by possessing (in millions of US dollars). Source: Coinhares
Same ether (Eth) and Solana (Sol) ETPs saw $ 175 million and $ 2.2 million streams, respectively. XRP (XRP) ETPs continue to contradict the trend, seeing an additional $ 1.8 million in the flow.
This is a story development, and further information will be added as it is available.
