Crypto ETP Outflows Moderate Amid Record Trading Volume, Signaling Potential Market Nadir
Crypto ETP Outflows Moderate Amid Record Trading Volume, Signaling Potential Market Nadir
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Selling pressure on Crypto Exchange Traded Products (ETPs) has begun to cool, following an extended period of outflows. While funds still experienced $187 million in fresh outflows, the market observed a record $63 billion in trading volume, which CoinShares suggests could indicate a "potential market nadir" or a bottoming out of the market.
Crypto ETP outflows slowed after weeks of losses, with a record $63 billion in trading volume, suggesting a “potential market nadir,” CoinShares said.