Crypto ETF selling pressure is back:
Crypto funds recorded -$952 million in outflows last week, ending a streak of 3 consecutive weekly inflows.
Investors have now withdrawn capital in 6 out of the last 10 weeks.
Ethereum ETFs posted -$555 million in outflows, followed by -$460 million from Bitcoin funds.
ETHUSDT
Perp
2,925.18
-3.44%
Meanwhile, Solana and XRP continued to attract inflows last week, at +$48.5 million and +$62.9 million, respectively.$SOL
SOLUSDT
Perp
123.31
-2.68%
XRPUSDT
Perp
1.8711
-3.06%
Despite the recent pullback, crypto funds have recorded +$46.7 billion in inflows year-to-date.
Leverage is driving volatile sentiment in crypto.#BTCVSGOLD #WriteToEarnUpgrade #CPIWatch