Crypto exchange-traded products (ETPs) experienced a significant $528 million outflow, ending a four-week period of inflows. Concerns over a potential US recession, ongoing geopolitical tensions, and a broader market sell-off are driving these outflows. The impact was felt across major cryptocurrencies, including Bitcoin and Ethereum, which saw substantial withdrawals. The market sentiment remains cautious, with investors adopting a more defensive approach amid economic uncertainty.
Disclaimer: Please note that the information provided in this article is based on the referenced research articles. It is essential to conduct further research and analysis before making any investment decisions. The cryptocurrency market is highly volatile, and investors should exercise caution and consult with financial professionals before engaging in cryptocurrency trading or investment activities.
