Cryptocurrency concern products were incapable to prolong their two-week inflow streak, with money flows turning antagonistic past week pursuing crypto’s “Black Friday” marketplace crash.
Crypto exchange-traded products (ETPs) saw $513 cardinal successful outflows past week, ending the two-week streak totaling $9.1 billion, CoinShares reported connected Monday.
Addressing the full $668 cardinal of outflows pursuing the “Binance liquidity cascade” connected Oct. 10, CoinShares caput of probe James Butterfill said the ETP marketplace saw little panic than the spot market.
He said that portion crypto ETP investors mostly “shrugged disconnected this event,” onchain investors were much bearish.
Bitcoin was the lone large plus to spot outflows
Bitcoin (BTC) was the superior root of losses successful crypto ETPs past week, with outflows totaling $946 million. The outflows pulled down year-to-date inflows to $29.3 billion, importantly lagging down past year’s full of $41.2 billion, Butterfill added.
On the different hand, Ether (ETH) continued to summation momentum arsenic investors were buying the dip, with funds posting $205 cardinal of inflows. The largest inflows were seen into a 2x leveraged Ether ETP totaling $457 million, Butterfill noted.
Solana (SOL) and XRP (XRP) funds continued to spot inflows amid the optimism connected caller ETP launches, with inflows totaling $156 cardinal and $74 million, respectively. Solana ETPs specifically stood out, with inflows surging 67% compared to the erstwhile week.
Crypto Fear & Greed Index drops to multi-month lows
The caller outflows from crypto ETPs came amid the Crypto Fear & Greed Index — an indicator measuring the wide sentiment of the cryptocurrency marketplace — falling to levels not seen since April.
According to information from Alternative.me, the scale dropped to a people of 22 past Friday amid Bitcoin tumbling beneath $105,000, reflecting beardown “Fear” by spot BTC investors.
The “Fear” sentiment continued to prevail arsenic of Monday with a people of 29. The lowest scale level recorded successful 2025 truthful acold was astatine a people of 10 observed successful precocious February, erstwhile Bitcoin saw a crisp descent from $96,000 to astir $84,000, according to CoinGecko data.
Related: What is Bitcoin if not crypto? Rumored Satoshi Nakamoto weighs in
By publishing time, Bitcoin traded astatine $111,019, seeing losses of astir 3% successful the past 7 days, and down astir 4% successful the past month.
Ether traded astatine $4,035, declining astir 3% successful the past week and 9% implicit the past 30 days.
Magazine: Ether’s terms to spell ‘nuclear,’ Ripple seeks $1B XRP buy: Hodler’s Digest, Oct. 12 – 18