Bitcoin ETP Inflows Highly Concentrated Amid $1.126 Billion Weekly Outflow
A recent JPMorgan research report has shed light on the concentration of capital inflows into Bitcoin ETPs, while overall crypto ETP market capital continues to outflow.
The report analyzed fund flows from September 4 and found that U.S. spot Bitcoin ETPs saw a net outflow of $175 million, Ethereum ETPs recorded an inflow of $9 million, and Solana ETPs experienced a net outflow of $5 million.
This marks the third consecutive week of net outflows in the crypto ETP market, with weekly outflows totaling $1.126 billion as of September 4.