TheBlock
US-based funds have driven $1.7 billion in global crypto ETP outflows, according to CoinShares data, as the redemption streak stretches into a third consecutive week. The scale of the drawdown marks one of the more sustained institutional exits from crypto exchange-traded products seen this cycle.
Three weeks of uninterrupted net outflows is a meaningful signal: it suggests the selling pressure isn't a single-session rebalancing event but a more deliberate de-risking by fund managers. US-domiciled vehicles are the primary driver, pointing to domestic macro sentiment — rising rate expectations, equity volatility, or risk-off positioning — as the likely catalyst.
For crypto markets, sustained ETP outflows matter because they represent real selling of underlying assets by custodians meeting redemptions, not just paper moves. If the streak extends into a fourth week without a reversal, it will draw closer scrutiny from on-chain analysts tracking spot supply hitting exchanges.
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