Crypto ETP Outflows Surge as Market Volatility Persists

The cryptocurrency market continued its downward trend last week, resulting in significant outflows from investment products like exchange-traded products (ETPs). Despite a surge in trading volume, investor sentiment remains cautious. This is largely attributed to ongoing market volatility, macroeconomic uncertainty, and the fallout from the recent October 10th flash crash. While major cryptocurrencies like Bitcoin and Ethereum faced heavy withdrawals, some altcoins demonstrated resilience, leading to selective inflows.