Crypto ETP outflows hit $508 million amid market caution By Investing.com
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 24 2025
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Source: Investing.com
Significant Outflows from Crypto ETPs: Cryptocurrency exchange-traded products (ETPs) faced substantial withdrawals totaling $508 million last week, following a previous week's outflow of $415 million, primarily driven by investor caution amid economic concerns post-US presidential inauguration.
Contrasting Trends in Bitcoin and XRP ETPs: While Bitcoin ETPs experienced major losses with $571 million in outflows, XRP investment products saw notable inflows of $38 million, reflecting optimism regarding the potential resolution of Ripple's lawsuit and approval of a spot XRP ETF.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
