Crypto ETPs Outflow $1.17B: BTC Sells, Solana Inflows
Crypto ETP outflows hit $1.17 billion in the second straight week, pushing assets under management down to $207.5 billion, the lowest since mid-July. Tracking crypto ETP outflows, Bitcoin products led withdrawals with $932 million, while Ethereum ETP outflows totaled $438 million. Short Bitcoin ETPs bucked the trend, attracting $11.8 million—the largest bearish bet since May 2025. Total trading volumes remained high at $43 billion amid caution following the October 10 flash crash and Fed rate-cut uncertainty. Altcoin ETP inflows showed resilience: Solana drew $118 million last week, lifting nine-week cumulative inflows to $2.1 billion, while XRP, Hedera and Hyperliquid attracted $28 million, $27 million and $4.2 million respectively. This rotation from core products into high-growth altcoins highlights shifting trader strategies.
Bearish
Heavy crypto ETP outflows, led by $932 million from Bitcoin and $438 million from Ethereum, signal mounting selling pressure and investor caution. Short Bitcoin ETPs pulling in nearly $12 million point to growing bearish sentiment. While elevated $43 billion trading volumes show active repositioning, sustained withdrawals could depress prices short term. Altcoin inflows into Solana and others suggest a shift in capital but are unlikely to offset the overall negative sentiment on major coins. In the long term, persistent outflows may dampen institutional demand for Bitcoin and Ethereum ETPs, though altcoin ETP rotation could support niche growth.