Crypto Fund Outflows Hit $1.94B; XRP ETPs Pull in $89M
Crypto fund outflows remained heavy as digital asset ETPs saw $1.94B withdrawn last week, extending a four-week decline to $4.9B—the third-largest on record. Bitcoin ETPs suffered $1.27B in outflows and Ethereum lost $589M, while Solana ETPs saw $156M redeemed. Despite continued crypto fund outflows, $258M returned in the final days, signaling early buying interest. Notably, XRP ETPs attracted $89.3M ahead of proposed spot ETF launches, and Nansen data shows leveraged XRP longs rising by $10.4M to net $74M, even as traders hold $325M in Bitcoin shorts. Crypto traders should watch shifting fund flows for trading opportunities and potential market recovery.
Bearish
The report of $1.94B in crypto fund outflows and a four-week $4.9B withdrawal streak underscores continued selling pressure on major assets like BTC, ETH and SOL, weighing on short-term price momentum. Although XRP inflows and late-week buybacks hint at pockets of demand, the dominant theme remains broad investor caution, suggesting bearish bias. In the longer term, sustained ETF developments could restore confidence, but current net redemptions signal downside risk.