US Bears the Brunt as Global Flows Diverge
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Weekly crypto ETP flows by country as of Friday (in millions of US dollars). Source: CoinSharesGeographically, the United States was the only market to experience significant losses, with $569 million in outflows. In contrast, investors in Germany, Canada, and Switzerland added capital, highlighting regional differences in risk appetite.
Among issuers, BlackRock’s iShares products and ProFunds Group led inflows, while Fidelity Investments and Grayscale Investments drove the bulk of outflows. Despite the turbulence, total crypto ETP assets under management edged higher to $181.9 billion, suggesting the broader market remains resilient for now.