Crypto Market Sees $1.46B Fund Exodus As Traders Turn Cautious
Short Bitcoin products attracted $10 million in fresh money last week — a sign that some traders were actively betting against the world’s largest cryptocurrency as broader selling took hold across global crypto funds. Related Reading: Bitcoin Bull Thesis Goes Big: 39 Trillion Reasons To Buy, Says Gemini Founder Selling Spreads Across Borders The United States led the retreat, with $1.43 billion pulled from crypto exchange-traded products, including $1.26 billion from US-listed spot Bitcoin ETFs. Switzerland and Canada followed with outflows of $16 million and $12.5 million, while Hong Kong and Germany shed $12 million and $4.4 million, respectively. The Netherlands stood out as the only market to post notable gains, drawing $6.6 million in fresh capital, with Australia adding a modest $700,000. Total withdrawals for the week reached $1.47 billion, according to CoinShares — extending the prior week’s $1.07 billion in outflows. Assets under management across all crypto ETPs closed the w