A major wave of selling is rocking the crypto ETP market, with over $2 billion withdrawn in just one week. This represents a record outflow since February and signals a growing shift among institutional investors as they grapple with economic uncertainties and shifting market dynamics. While inflows remain relatively strong compared to past periods, this significant shift raises concerns about the future stability of the industry. 🤯 The largest portion of the outflows are coming from the United States, but Europe and Asia also feel the impact. Notably, Bitcoin and Ethereum have been most affected by this exodus, alongside XRP and Solana. Amidst this downturn, ETPs with diversified exposure to multiple cryptocurrencies have seen a surge in inflows, reflecting investors’ efforts to hedge against the market’s volatility. 📈 This trend points towards a strategic reallocation of assets by institutional players as they seek to navigate an increasingly uncertain global economy. 🌎