Cryptocurrency Exchange-Traded Products (ETP) recorded a fourth straight week of flow, with $ 876 million in losses last week of trading.
Then post Record a weekly flow of $ 2.9 billion last week, Crypto ETP resumed their downward trend, carrying a four-week total outflow to $ 4.75 billion, Coinhares reported on March 10.
While the speed of the flow was slowing down, the investor’s sentiment remained bearish, according to James Butterfill, head of research in Coinhares.
The analyst also suggested that the market showed signs of capitulation.
Bitcoin ETP sale costs 86% of total flowing
Bitcoin (Btc) ETPs are the main driver of the flowers, worth $ 756 million, or 85% of the whole last week. Short-bitcoin ETPs have also seen outflows of $ 19.8 million, the most since December 2024.
With a combined flows reaching $ 4.75 billion over the past four weeks, the year-to-date flows dropped to $ 2.6 billion.
Weekly Crypto ETP flow since late 2024. Source: Coinhares
The total properties under Management (AUM) have denied $ 39 billion to $ 142 billion, the lowest point since mid-November 2024, driven by both negative price movements and prolonged flow, butterfill noted.
Most Altcoins shared sentimental bleeding
This sentiment was also detected in a wide range of altcoins last week, with the ether (Eth) ETPs seeing $ 89 million of the flows.
Tron (Trx) and an AAVE (Ghost) is also among the most prominent ETP losers, who see $ 32 million and $ 2.4 million in the flow, respectively, according to the report.
Flow by possessing (in millions of US dollars). Source: Coinhares
Conversely, Solana (Sol), XRP (XRP) and sui (Sui) continues to see flows worth $ 16.4 million, $ 5.6 million and $ 2.7 million, respectively, Butterfill wrote.
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