Cryptocurrency investment products saw $513 million in outflows last week, ending a two-week streak of inflows. Bitcoin was the main source of losses, with outflows totaling $946 million, pulling down year-to-date inflows to $29.3 billion, significantly lower than last year’s total of $41.2 billion.
Ether continued to gain momentum with $205 million in inflows, led by a 2x leveraged Ether ETP with $457 million inflow. Solana and XRP also saw inflows totaling $156 million and $74 million, respectively, with Solana ETP inflows surging 67% compared to the previous week.
The Crypto Fear & Greed Index dropped to levels not seen since April, hitting a score of 22 last Friday amid Bitcoin falling below $105,000. As of Monday, the index remained in “Fear” territory with a score of 29, reflecting weak sentiment among spot BTC investors.
Bitcoin traded at $111,019, marking a 3% loss in the past week and a 4% decline in the past month. Ether traded at $4,035, down roughly 3% in the past week and 9% over the past 30 days.
Read more at Cointelegraph: Crypto ETP Traders Unfazed As Post-Crash Outflows Net $668M
