Crypto exchange traded products recorded a second consecutive week of net outflows, totalling four hundred and forty six million dollars.
The downturn followed a broader reversal in market sentiment after a period of sustained inflows.
CoinShares data showed Bitcoin and Ethereum products led the weekly losses.
Total crypto ETP outflows have now reached three point two billion dollars since the October tenth market shock.
Bitcoin based ETPs shed nearly four hundred and forty three million dollars during the week.
Ethereum focused products recorded outflows of approximately fifty nine million dollars.
XRP and Solana funds were the only notable exceptions to the negative trend.
XRP exchange traded funds attracted roughly seventy million dollars in weekly inflows.
Solana based products added a smaller seven point five million dollars.
Franklin Templeton’s recently launched XRP ETF accounted for twenty eight point six million dollars of the inflows.
CoinShares said the figures suggest investor confidence has yet to fully recover.
This suggests investor sentiment has yet to fully recover.
CoinShares said.