Latest crypto news reports saw Bitcoin ETPs bearing the brunt of the sell-off. Altcoin ETPs recorded are attracting new money, according to the latest report from CoinShares published on February 24, 2025.
Bitcoin investment products suffered the most, with $571 million in outflows last week, accounting for the majority of the $508 million total crypto ETP losses.
This trend, exclusive to Bitcoin, underscores investor caution, possibly linked to macroeconomic factors like inflation and monetary policy uncertainty post-inauguration, as per CoinShares’ analysis.
Altcoin Inflows: XRP, SOL, Ether, and Sui Lead the Charge
Solana, Ether, and Sui ETPs saw inflows of $8.9 million, $3.7 million, and $1.5 million, respectively, last week.
In contrast, Bitcoin ETPs suffered $571 million in outflows, driving total crypto ETP losses to $508 million, following $415 million the previous week.
This contrast suggests a growing interest in altcoins, possibly due to perceived growth potential.
XRP ETPs led altcoin gains with $38 million in inflows last week, part of $819 million since November 2024.
This surge is tied to investor hopes that the SEC will resolve its lawsuits with Ripple and approve a spot XRP ETF, per CoinShares’ analysis.
Crypto News: ProShares Shines with $38M Inflows as Crypto ETP Giants Bleed
The past trading week marked a rare event for BlackRock’s iShares ETFs, which saw losses of $22 million, per CoinShares’ issuer flow data.
ProShares, however, saw $38 million in inflows, one of the few major US ETPs to avoid losses.
On the other hand, Grayscale Investments and Fidelity Digital Assets recorded the largest outflows, amounting to $170 million and $166 million, respectively, highlighting divergent strategies among providers.
An unexpected detail is ProShares’ ability to attract $38 million in inflows amidst widespread outflows, suggesting strong investor confidence in their ETP offerings.
This resilience, not often highlighted in broader market narratives, adds a layer of complexity to understanding investor behavior in volatile times.
Regionally, the US led with $560 million in outflows, contrasting with Europe’s $46.3 million in inflows, led by Germany ($30.5 million) and Switzerland ($15.8 million).
 attracted new inflows, with XRP ETPs adding $38M last week and totaling $819M since November 2024.){kind=link}