đWall Street is still hitting the sell button, but at least itâs selling a little less aggressively.
Crypto ETFs saw roughly $593 million in net outflows last week. The institutional money isnât exactly rushing back to the party.
đ
ETF flow breakdown (Oct 12â16):
đ BTC: â$229M, down 66% from the previous weekâs outflows.
đ”ETH: â$320M, extending its outflow streak to 3 weeks.
đŁSOL: â$25.52M, setting another weekly outflow record.
đ§XRP: â$1.84M, reversing its previous inflow trend.
đ„HYPE: â$17.57M, with outflows equal to 4.28% of its ETF assets.
The interesting part: Ethereum is taking a much harder hit relative to its ETF asset base. Its weekly outflows were around 2.14% of assets, versus just 0.22% for Bitcoin. Thatâs nearly 10x the relative selling pressure.
Meanwhile, inflation concerns, rising oil prices, Treasury yields, and weakness in tech stocks are keeping institutional risk appetite under pressure. Some corporate treasuries are still buying BTC, but ETF investors are heading for the exit.
The selling pressure is slowing, but that doesnât mean demand has returned. A market can stop bleeding before it starts recovering.
Wall Street isnât dumping the whole bag anymore. Itâs just checking how much is left before dumping the next one.đ
Are we seeing the beginning of a turnaround, or just a temporary pause before another round of selling?
Crypto ETFs saw roughly $593 million in net outflows last week. The institutional money isnât exactly rushing back to the party.
đ
ETF flow breakdown (Oct 12â16):
đ BTC: â$229M, down 66% from the previous weekâs outflows.
đ”ETH: â$320M, extending its outflow streak to 3 weeks.
đŁSOL: â$25.52M, setting another weekly outflow record.
đ§XRP: â$1.84M, reversing its previous inflow trend.
đ„HYPE: â$17.57M, with outflows equal to 4.28% of its ETF assets.
The interesting part: Ethereum is taking a much harder hit relative to its ETF asset base. Its weekly outflows were around 2.14% of assets, versus just 0.22% for Bitcoin. Thatâs nearly 10x the relative selling pressure.
Meanwhile, inflation concerns, rising oil prices, Treasury yields, and weakness in tech stocks are keeping institutional risk appetite under pressure. Some corporate treasuries are still buying BTC, but ETF investors are heading for the exit.
The selling pressure is slowing, but that doesnât mean demand has returned. A market can stop bleeding before it starts recovering.
Wall Street isnât dumping the whole bag anymore. Itâs just checking how much is left before dumping the next one.đ
Are we seeing the beginning of a turnaround, or just a temporary pause before another round of selling?