Cryptocurrency exchange-traded products (ETPs) in India have witnessed a substantial outflow of $1.7 billion, marking the fifth consecutive week of declines, totaling $6.4 billion over the past five weeks. CoinShares reported this trend on March 17, noting that this ongoing outflow streak is the longest negative streak since their records began in 2015. Despite this negative sentiment, year-to-date (YTD) inflows are positive at $912 million. Bitcoin ETPs saw outflows of $978 million in the trading week from March 10 to March 14, contributing to a total of $5.4 billion in outflows over the five-week period. Ether (ETH) and Solana (SOL) ETPs experienced outflows of $175 million and $2.2 million, respectively. In contrast, XRP ETPs saw $1.8 million in inflows, going against the overall trend. This is an evolving situation, and more information will be provided as it becomes available. For more insights into the cryptocurrency market, check out the latest update on XRP prices and other related topics.
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