CryptoMediaClub
Wednesday, October 29, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home Analysis

Largest Bitcoin ETP outflow since March as profit taking continues

07.08.2023
A A
0
141
VIEWS
ShareShare

The exchange-traded digital asset market has seen considerable outflows this week, marking a total of $107 million, illustrating an accelerated pace of ongoing profit-taking over the past weeks.

CoinShares’ Digital Asset Fund Flows Weekly report stated that Bitcoin took center stage with outflows amounting to $111 million, recording the most significant weekly outflows since March this year.

coinshares etp
Source: CoinShares

However, painting a broader picture of the market, the altcoins seem to show signs of improvement in sentiment, partly offsetting the outflows in Bitcoin and Ethereum.

Specifically, Solana emerged as a significant player, witnessing its largest weekly inflows since March 2022, amounting to $9.5m. XRP and Litecoin also experienced noteworthy inflows, underlining the diversified interest among investors.

The report further highlighted that the outflows were primarily focused on two Exchange Traded Product (ETP) providers in Germany and Canada, which saw outflows of $71 million and $29 million, respectively.

While Bitcoin remained the primary focus, Ethereum also experienced outflows totaling $6 million, bringing the total outflows in both Bitcoin and Ethereum to $117 million last week.

This shift in investment trend can be seen against the backdrop of the summer slowdown. Weekly trading volumes in investment products are 36% below the year-to-date (YTD) average. However, the broader on-exchange market volumes suffered more, down 62% relative to the YTD average.

In contrast, Uniswap and Cardano saw smaller outflows of $0.8 million and $0.3 million, respectively. These outflows perhaps indicate a more cautious stance by investors towards these altcoins.

These considerable shifts in the digital asset flows indicate an intriguing development in the crypto markets as investors presently prefer certain altcoins over conventional behemoths, Bitcoin and Ethereum.

CoinShares analyst James Butterfill presents his analysis of weekly crypto ETP flows weekly on the CoinShares Medium blog.

The post Largest Bitcoin ETP outflow since March as profit taking continues appeared first on CryptoSlate.

Share11Tweet7ShareSharePin2

Related Posts

Watch these 4 tripwires to signal XRP price direction this week
Analysis

Watch these 4 tripwires to signal XRP price direction this week

28.10.2025
0

XRP entered the final week of October with leverage rebuilt and a working beta to Bitcoin that can be applied...

Read moreDetails
Strategy’s new credit rating will open Bitcoin to $130 trillion institutional capital

Strategy’s new credit rating will open Bitcoin to $130 trillion institutional capital

28.10.2025
Does a weaker dollar drive Bitcoin price now?

Does a weaker dollar drive Bitcoin price now?

28.10.2025
Why is Bitcoin price pumping? Catch up on what’s moving crypto

Why is Bitcoin price pumping? Catch up on what’s moving crypto

28.10.2025
Crypto’s week ahead: Everything you need to know to close out October

Crypto’s week ahead: Everything you need to know to close out October

27.10.2025
Load More
Next Post
UK Plans Expanding Team to Combat Crypto-Related Crimes

UK Plans Expanding Team to Combat Crypto-Related Crimes

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

Greatest Crypto to Purchase Now – Which Cash Will Survive the Crash?

Greatest Crypto to Purchase Now – Which Cash Will Survive the Crash?

8 months ago
Coinbase layer-2 network Base hits 136,000 daily active users

Coinbase layer-2 network Base hits 136,000 daily active users

2 years ago

Bumper’s Breakthrough DeFi Protocol Set to Reshape Options Pricing

2 years ago

MicroStrategy Increased its BTC Holdings for 11 Consecutive Quarters

2 years ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

Watch these 4 tripwires to signal XRP price direction this week

UK Opens Arms to Crypto as KR1 Targets London Stock Exchange Listing

Strategy’s new credit rating will open Bitcoin to $130 trillion institutional capital

SharpLink to Deploy $200M in ETH on Consensys’ Linea — Is This the Future of Institutional DeFi and AI-Powered Yields?

Does a weaker dollar drive Bitcoin price now?

Crypto PACs Build $263M War Chest Ahead of 2026 US Midterm Elections

Trending

Bullish Signals: Top Crypto to Get Today, October 28 – HBAR, LTC, SOL
All news

Bullish Signals: Top Crypto to Get Today, October 28 – HBAR, LTC, SOL

29.10.2025
0

The US SEC approved several spot ETFs for top altcoins Hedera, Solana, and Litecoin, all of which...

France Stuns Europe: Lawmakers Adopt Bitcoin and Ban Digital Euro

France Stuns Europe: Lawmakers Adopt Bitcoin and Ban Digital Euro

29.10.2025
Alibaba’s Qwen AI With Explosive 3-Month XRP Price Prediction – Could XRP Hit $4.20 By January 2026?

Alibaba’s Qwen AI With Explosive 3-Month XRP Price Prediction – Could XRP Hit $4.20 By January 2026?

28.10.2025
Watch these 4 tripwires to signal XRP price direction this week

Watch these 4 tripwires to signal XRP price direction this week

28.10.2025
UK Opens Arms to Crypto as KR1 Targets London Stock Exchange Listing

UK Opens Arms to Crypto as KR1 Targets London Stock Exchange Listing

28.10.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz