Cryptocurrency exchange-traded products (ETPs) yet again saw another week of outflows, now marking four weeks in a row of investor withdrawals.

Funds in the past trading week fell $876 million, finishing a month of outflows $4.75 billion, according to digital asset investment firm CoinShares.

Cryptocurrency exchange-traded products (ETPs) yet again saw another week of outflows, now marking four weeks in a row of investor withdrawals. Funds in the past trading week fell $876 million, finishing a month of outflows $4.75 billion, according to digital asset investment firm CoinShares.

The latest round of outflows brings the year-to-date net inflows to $2.6 billion, rendering the crypto investment sector as highly volatile.

The most recent figures also saw the greatest outflows go to Bitcoin (BTC) ETPs, continuing a trend that has been unfolding throughout the recent downturn. According to CoinShares, Bitcoin ETPs accounted for the majority of the $876 million in withdrawals.

The selling pressure on Bitcoin investment products aligns with broader market concerns, including economic uncertainty and shifting monetary policies. At the same time, certain alternative digital assets have experienced steady interest from investors despite the downturn.

Unlike Bitcoin ETPs, XRP investment products recorded another week of inflows, continuing a trend that has seen the asset attract strong interest despite the downturn. This brings the total inflows into XRP products to $178 million, while other digital asset products faced capital outflows.

Even with rising institutional interest in some altcoins, demand for XRP products continues. Bitcoin is still the leading asset on the market, but XRP’s inflows demonstrate that some investors are looking for exposure to other cryptocurrencies during times of volatility.

CoinShares noted that the latest outflows come amid broader economic uncertainty following recent global developments.

“Our analysis indicates that few appear to be selling out of fear of missing out on the stellar returns of the past year, but rather due to general economic conditions. Perhaps serving as an indication of market capitulation, which may be fuelling the sellers, ” said the firm’s head of research, James Butterfill.

This regulatory landscape has also been one of caution in the market. As governments around the world clamp down on digital assets, institutional investors have been rethinking their exposure to crypto-related financial products.

CoinShares noted that the latest round of outflows brings the year-to-date net inflows to $2.6 billion, rendering the crypto investment sector as highly volatile.