Global crypto ETP outflows hit $1.67 billion last week as Bitcoin products recorded their biggest weekly outflow of the year.

US spot Bitcoin ETFs lost $2.8 billion in nine straight days of outflows, the longest redemption streak since their January 2024 launch, amid rising inflation.

US spot Bitcoin ETFs saw $1.42B in outflows last week, the third largest ever. BlackRock's IBIT led with $966M as institutions de-risk amid macro headwinds.