Cryptocurrency exchange-traded products (ETPs) have seen a continuous decline in withdrawals, with $876 million being drawn out in the last week. Over the past four weeks, total outflows have reached $4.75 billion, leading to a decrease in year-to-date inflows to $2.6 billion. Bitcoin ETPs accounted for the majority of last week's outflows, with $756 million being withdrawn, and short-Bitcoin ETPs experienced the biggest withdrawal since December 2024. The negative trend has affected the overall assets under management (AUM) in crypto ETPs, which fell by $39 billion to $142 billion. Fidelity and BlackRock ETPs have been the top institutional outflows, with Fidelity witnessing $201 million in withdrawals and BlackRock experiencing $193 million in outflows. Despite the decline, BlackRock remains the largest institutional owner of cryptocurrency-backed assets with a total AUM of $52.8 billion.



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