Record Trading Amid Slowdown: Crypto Fund Exodus Eases to $187M
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The exodus from crypto investment funds showed a marked slowdown last week, with net outflows easing to $187 million. Analysts note that such a deceleration often precedes a shift in investor sentiment, hinting that the recent sell-off pressure may be abating.
The market downturn pushed total assets under management to a multi-month low of $129.8 billion. Counterintuitively, this occurred alongside record-breaking trading volume, as ETP weekly turnover soared to $63.1 billion.
The picture was mixed by region and asset. Key European and American markets like Germany and Canada saw inflows, while Bitcoin faced another week of substantial outflows totaling $264 million. Altcoins like XRP, Solana, and Ethereum captured net investor interest.
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