For the second consecutive week, the broader crypto fund market faced a bearish trend. This downturn was largely driven by investor exit from Bitcoin and Ethereum-based products, leading to total outflows reaching $3.2 billion since the market shock on October 10. CoinShares highlighted that this shift came after three weeks of positive inflows, with a stark reversal to $952 million in outflows last week.

XRP Funds: A Beacon of Hope

While XRP funds stood out with inflows, the broader sentiment suggests caution among investors. CoinShares noted, “Investor sentiment has yet to fully recover.” Despite these challenges, year-to-date flows align with last year’s figures, with total inflows reaching $46.3 billion compared to $48.7 billion in 2024.

October’s market upheaval, marked by a significant liquidation event, was partly triggered by former President Donald Trump’s tariff threats on Chinese imports. The scale of these liquidations hinted at the involvement of major institutional players.

Market Dynamics and Regional Insights

Bitcoin ETPs experienced outflows of nearly $443 million, while Ethereum products saw a $59 million dip. Yet, XRP and Solana funds managed to attract $70 million and $7.5 million, respectively. Notably, Franklin Templeton’s XRP ETF, launched recently, contributed $28.6 million to these inflows.

Globally, the U.S. market led with the highest outflows of $460 million, followed by Switzerland with $14 million. However, Germany emerged as a unique case, drawing inflows of $35.7 million. This suggests investors are leveraging recent price weaknesses to enhance their positions.

CoinShares further commented, “Germany’s inflows of $248 million indicate a strategic accumulation by investors despite prevailing market conditions.”

As of November 2023, The Block reported on these developments, maintaining its commitment to delivering timely and objective crypto news. Foresight Ventures, a majority investor in The Block, continues to support independent journalism in the crypto sphere.

The post XRP Funds Surge: 5 Powerful Insights Despite Crypto ETP Outflows appeared first on Crypto Market Insights: Dive In with CryptoUpdate.io.

Hougan drew parallels between Ethereum and Bitcoin’s performance over the past one and a half years. ETPs and corporate treasuries’ massive buying spree have been a significant driver for Bitcoin’s upward trajectory, consuming more than 100% of all newly minted Bitcoin.

However, Ethereum had not enjoyed the same trend until recently. Ether ETFs, which launched in July 2024, only managed to attract about $2.5 billion until mid-May. This situation has been drastically reversed recently, with spot ETH ETFs purchasing the asset at an unprecedented rate. Bitwise estimates that ETPs and corporate treasuries combined have bought 2.83 million ETH since May 15, amounting to over $10 billion at current prices. This is 32 times the net new supply during the same period.

Hougan believes this trend will persist as investors are “significantly underweight” in Ethereum compared to Bitcoin. Furthermore, the growing market for real-world asset tokenization and the implementation of stablecoin regulations will further increase Ethereum’s demand.

BitMEX founder, Arthur Hayes, agreed with this outlook in his recent blog post, predicting that Ether’s price would soar to $10,000 by year-end. Ether prices are currently consolidating around $3,720 after encountering resistance at $3,800 thrice.

Over the past month, Ether has outperformed Bitcoin with an impressive 67% gain from around $2,250, where it was trading in June.

The post Surge in Ethereum Demand Could Propel ETH to a $10K Valuation This Year appeared first on Crypto Market Insights: Dive In with CryptoUpdate.io.

Following last week’s record outflows of $2.9 billion, crypto ETPs persisted on the downward trajectory, culminating in a four-week total outflow of $4.75 billion, as reported by CoinShares on March 10. Despite the decrease in outflow velocity, James Butterfill, CoinShares’ head of research, reported a sustained bearish sentiment among investors and indications of market capitulation.

Bitcoin ETPs were chiefly responsible for the outflows, contributing $756 million, an alarming 85% of last week’s total. ETPs short on Bitcoin also had outflows amounting to $19.8 million, the highest since December 2024. The past four weeks’ cumulative outflows have reached $4.75 billion, consequently lowering the year-to-date inflows to $2.6 billion.

Total assets under management (AUM) have fallen by $39 billion to $142 billion, a record low since mid-November 2024. This decrease is attributed to both negative price actions and continuous outflows, as observed by Butterfill. Altcoins such as Ether, Tron, and Aave also experienced notable ETP outflows last week, amounting to $89 million, $32 million, and $2.4 million respectively.

In other news, Utah’s Bitcoin bill has passed the state Senate without the crucial provision for establishing the state’s own Bitcoin reserve. The modified HB230 “Blockchain and Digital Innovation Amendments” bill now only offers Utah citizens basic custody protections, the right to mine Bitcoin, run a node, and participate in staking, among others. The bill is now awaiting Governor Spencer Cox’s signature.

Lastly, Changpeng “CZ” Zhao has publicly requested Elon Musk to ban automated bots on X. These bots, often operated by individuals or teams running bot farms, amplify messages by liking or retweeting posts and even commenting on posts in a coordinated manner. They frequently impersonate crypto influencers or digital asset industry executives to promote fake tokens, fraudulent airdrop scams, and phishing links designed to mislead and steal funds from unsuspecting users.

The post Today’s Crypto Roundup: ETPs’ Continuous Outflows, Utah’s Bitcoin Bill, and CZ’s Plea to Musk appeared first on Crypto Market Insights: Dive In with CryptoUpdate.io.

According to a report by CoinShares on Feb. 10, Ether ETPs recorded a whopping $793 million of inflows, a 95% increase over Bitcoin ETPs. This surge in Ether ETP activity coincided with ETH’s drop below $2,700 on Feb. 6, triggering substantial “buying-on-weakness”, as noted by CoinShares research director James Butterfill. This marked the first instance in 2025 where Ether ETPs exceeded Bitcoin ETPs in inflows, with similar events taking place in late 2024.

However, Bitcoin remains the overall leader with year-to-date inflows nearing $6 billion, 505% higher than Ether’s YTD total, despite a 19% decrease in Bitcoin ETP inflows over the past week.

The crypto market saw a temporary downfall on Feb. 9 post Trump’s announcement of 25% tariffs on aluminum and steel, which also included a warning about reciprocal tariffs on countries imposing import charges on US goods. Bitcoin (BTC) fell to $94,000 but recovered to over $97,000 within two hours, mirroring the broader market’s resilience.

Similarly, Ether (ETH) fell to a low of $2,537 before climbing back to nearly its pre-announcement level at $2,645. Such market fluctuations are reminiscent of early February when Trump’s proposed tariffs against Canada, Mexico, and China led to both stock and crypto markets crashing, resulting in crypto liquidations of up to $10 billion.

Lastly, Michael Saylor, co-founder of the recently rebranded “Strategy”, hinted at the company’s plans to purchase more Bitcoin, signaling a potential end to their one-week acquisition break. As per SaylorTracker, Strategy holds 471,107 Bitcoin, worth around $44.8 billion, and is experiencing unrealized gains of over $14 billion following a recent dip in BTC prices.

The post Crypto Update: Ether ETPs Surpass Bitcoin, Market Reacts to Trump’s Tariffs, and Strategy’s BTC Acquisition Hint appeared first on Crypto Market Insights: Dive In with CryptoUpdate.io.

The rebranding effort highlights Bitwise’s dedication to maintaining a competitive edge in the burgeoning crypto market. As investors increasingly seek diversified exposure to digital assets, Bitwise’s revamped ETPs are positioned to cater to this growing demand, providing streamlined access to a wide array of cryptocurrencies.

This strategic shift comes as the crypto industry faces significant transformations, making 2023 a crucial year for market participants. Bitwise’s proactive approach in rebranding and expanding its ETP offerings reflects its ambition to lead in this dynamic environment, ensuring it remains at the forefront of the crypto investment frontier.

The post Bitwise Revamps European ETPs, Aiming to Strengthen Leadership in Crucial Crypto Year appeared first on Crypto Market Insights: Dive In with CryptoUpdate.io.