Data: Since October 10, the total outflow of funds from cryptocurrency ETPs has reached $3.2 billion, and investors have not achieved positive returns this year

According to CoinTelegraph, last week, cryptocurrency exchange-traded products (ETPs) recorded a net outflow of $446 million, continuing the cautious trend that has persisted since the significant market adjustment in October.

Asset management firm CoinShares stated that the latest round of withdrawals brought the total outflows since October 10 to $3.2 billion, indicating that investor confidence has not yet recovered as the year comes to a close. This week's outflows stand in stark contrast to the $46.3 billion inflow year-to-date (YTD), which is roughly equivalent to the levels expected in 2024.

CoinShares' Head of Research James Butterfill noted that year-to-date, total assets under management (AUM) have only increased by 10%, suggesting that "considering the flow of funds, ordinary investors have not achieved positive returns this year."