Investors retreat from crypto ETPs across major regions, resulting in a 27% decline in AUM from October’s peak as uncertainty drives a shift toward safer products.
Crypto investment products logged their largest weekly outflows since February, shedding $2 billion as global risk appetite declined.
Crypto exchange-traded products (ETPs) saw $2 billion in outflows last week, up by nearly 71% from $1.17 billion recorded the previous week, CoinShares reported on Monday. This marks the third consecutive week of outflows, extending the cumulative outflow streak to $3.2 billion.
CoinShares’ head of research, James Butterfill, attributed the outflows to monetary policy uncertainty and selling by crypto-native whales. As a result, total assets under management (AUM) in crypto ETPs decreased to $191 billion, representing a 27% decline from their peak of $264 billion in October.
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