Crypto spot ETPs see 738 million dollars in outflows in a single day, while flows remain positive for the week
JPMorgan estimates that US crypto spot ETPs recorded combined net outflows of 738 million dollars on 22 October, mostly from Bitcoin products. Falling cryptocurrency prices coincided with increased redemptions, but net inflows for the week through that day remained at 216 million dollars; trading volumes in Bitcoin and Ether products were also below their respective daily averages since launch.
J.P. Morgan ·