The products negotiated in exchange for cryptocurrency (FTE) recorded the fourth consecutive week of outings, with $ 876 million in losses during the last week of negotiation.
After posting a record weekly outings of $ 2.9 billion last week, Crypto ETPS continued its downward trend, bringing total outings from four weeks to $ 4.75 billion, Coinshares reported on March 10.
While the pace of outings has slowed down, the feeling of investors has remained lower, according to James Butterfill, head of research in Coinshares.
The analyst also suggested that the market has shown signs of capitulation.
Bitcoin andp the sale represented 86% of the total outings
Bitcoin (BTC) ETPs was the main engine of outings, representing $ 756 million, or 85% of last week’s total. ETPs in Court-Bitcoin have also seen outings of $ 19.8 million, the largest since December 2024.
Cumulative outings reaching $ 4.75 billion in the past four weeks, the entries at the start of the year fell to 2.6 billion dollars.
Weekly crypto andp has been having been flowing since the end of 2024. Source: Coinshares
The total assets under management (AUM) decreased by $ 39 billion to $ 142 billion, the lowest point since mid-November 2024, pulled both by negative price movements and sustained outputs, noted Butterfill.
Most altcoins share the feeling of bleeding
The lowering feeling was also observed among a wide range of altcoins last week, with Ether (ETH) ETPs seeing $ 89 million in outings.
Tron (TRX) and Aave (Aave) were also among the most notable losers andp, seeing $ 32 million and $ 2.4 million in outings respectively, according to the report.
Swear by assets (in millions of US dollars). Source: Coinshares
Conversely, Solana (soil), XRP (XRP) and Su (Sui) continued to see entries totaling $ 16.4 million, $ 5.6 million and 2.7 million dollars, respectively, wrote Butterfill.
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