Crypto News Today: Crypto ETP Outflows Extend to Fourth Week as $3.7B Exits in Past Month, According to CoinShares

Global cryptocurrency exchange-traded products (ETPs) recorded a fourth consecutive week of net outflows, with $173 million withdrawn last week, bringing total redemptions over the past month to $3.74 billion, according to data from CoinShares.The latest figures mark a slowdown from earlier in the month, when weekly outflows peaked near $1.7 billion, but signal that selling pressure has moderated rather than reversed, said James Butterfill.U.S. leads outflows as overseas demand improvesFund flows showed a sharp regional split. U.S.-listed crypto products posted $403 million in weekly outflows, while Europe and Canada collectively attracted $230 million in inflows.Germany led non-U.S. inflows with $115 million, followed by Canada ($46.3 million) and Switzerland ($36.8 million), suggesting investor demand has shifted overseas even as U.S. investors reduced exposure.Trading activity cools as volatility fadesCoinShares data also showed a sharp decline in trading activity. Weekly ETP volumes fell to $27 billion, down from a record $63 billion the previous week, pointing to fading speculative intensity alongside weaker prices.Butterfill noted that flows were volatile within the week: early inflows of $575 million were followed by $853 million in outflows, likely driven by renewed price weakness. Sentiment stabilized toward the end of the week after softer-than-expected U.S. CPI data triggered $105 million in inflows on Friday.Bitcoin and Ether lead redemptions, altcoins show pockets of strengthBitcoin investment products accounted for the largest share of redemptions, with $133 million in outflows. Notably, short-Bitcoin products also saw $15.4 million in outflows over the past two weeks, a pattern CoinShares said is often observed near market bottoms.Ethereum funds recorded $85.1 million in outflows, extending a period of sustained pressure, while smaller products such as Hyperliquid shed around $1 million.In contrast, selective altcoins continued to attract capital. XRP led inflows with $33.4 million, followed by Solana at $31 million and Chainlink at $1.1 million.Market contextThe sustained outflows come amid subdued price action. Bitcoin has slipped nearly 2% over the past week and remains below $70,000, while Ether continues to trade under $2,000 after two weeks of heavy redemptions.While the pace of selling has slowed, CoinShares said the data point to a market still in retrenchment, with investors selectively reallocating rather than broadly re-entering crypto exposure, according to The Block.