$1.9b Exodus And Flicker Of Hope Hits Crypto Investment Funds:...

Crypto investment products neared $5 billion in outflows in the last four weeks, but late-week inflows show early signs of improving sentiment despite heavy selling, CoinShares said.

Cryptocurrency investment products have hit almost $5 billion in outflows over the past four weeks, but inflows during the final days of last week offered a small sign of improving sentiment.

Crypto exchange-traded products (ETPs) saw $1.94 billion in outflows last week, a small decline from the $2 billion exodus the previous week, according to a Monday research report from CoinShares.

The four-week total now stands at $4.9 billion, marking the third-largest outflow run on record. Only the March tariff-driven sell-off and the February 2018 downturn were bigger.

Still, CoinShares noted “tentative signs of a turnaround,” citing $258 million in inflows during the last trading days of the week following seven straight days of redemptions.

Related: Pump.fun’s massive $436M cash-out turns heads as memecoin mania fades

XRP (XRP) investment products were a rare bright spot. XRP exchange-traded products (ETPs) recorded $89.3 million in inflows last week, defying the broader downturn even as the token fell 6.9%.

Solana (SOL) ETPs were in the red with $156 million in outflows and SOL falling 3.5%, according to Cointelegraph data.

Bitcoin (BTC) saw the majority of outflows, at $1.27 billion, while Ether (ETH) funds followed with $589 million in weekly outflows.

Related: BitMine sits on $3.7B loss as DAT ‘Hotel California’ meets BlackRock’s staked ETH ETF

Source: CoinTelegraph