GLOBAL ETP OUTFLOWS EXTEND TO FOURTH WEEK AS $3.7B EXITS

Summary from the TLDR Crypto newsletter

Global crypto ETPs saw a fourth consecutive week of outflows ($173 million last week and $3.74 billion over the past month), driven by $403 million of redemptions from US-listed products while Europe and Canada absorbed $230 million in inflows. Trading volumes decreased from $63 billion to $27 billion and bitcoin and ether led withdrawals even as pockets of demand flowed into XRP and Solana.