The investment in the products negotiated in exchange for crypto (FTE) took a blow last week, with outings reaching $ 1.7 billion, according to the latest report.
This marks the fifth consecutive week of Capital Flight, bringing total outings to $ 6.4 billion – a record level. As a result, the entries for the start of the year for the sector have now fallen to $ 912 million.
James Butterfill, responsible for the search for Coinshares, stressed that the market has undergone 17 consecutive days of outings – the longest sequence recorded since monitoring data from ETPs in global crypto began in 2015.
According to him, the prolonged slowdown has caused a total narrowing of assets under management (AUM) of $ 48 billion to $ 133 billion.
They dominate Bitcoin outputs
In the United States, investors led the exodus, representing 93% of the total outings last week, with $ 1.16 billion leaving the market.
Heavy outings can be linked to the fact that FNB Bitcoin suppliers, notably Blackrock, Grayscale, Fidelity and Ark 21Shares, have experienced $ 401 million, $ 134 million, $ 317 million and $ 68 million respectively.
This led to investment products related to Bitcoin recording $ 978 million in outings, bringing their flows from five weeks to 5.4 billion negative dollars.
Short -term posts have also seen sales, investors withdrawing from $ 3.6 million in the middle of the side price of Bitcoin.
Meanwhile, Ethereum and Solana Investment Products experienced $ 175 million outings and $ 2.2 million, respectively. Blockchain funds have also suffered $ 40 million out of the sector.
Butterfill stressed that Binance was faced with an almost total erasure of his alms after the departure of a seed investor, leaving only $ 15 million under management.
XRP defies the trend
XRP stood out as a rare bright point, attracting $ 1.8 million new entries last week.
This brought its monthly total to $ 7.4 million, ranking it second position after Solana, which led with $ 14.2 million in entries.
For the year, XRP remains one of the most efficient assets, with $ 212 million on entry – by making only 612 million dollars in Bitcoin and $ 412 million in Ethereum.
The growing demand led XRP investment products to a record summit of $ 1.2 billion in total assets under management.
Several market factors have fueled this momentum. The long -standing legal dispute between Ripple and the Securities and Exchange Commission (SEC) American seems to approach a resolution, the two parties would have worked towards a regulation.
At the same time, the reports also suggest that the SEC can consider classifying digital assets as a commodity, which could stimulate the probability of approving an ETF spot focused on XRP.
