<ul><li>The largest weekly sell-off occurred for cryptocurrency exchange-traded products (ETPs), with outflows reaching a record $2.9 billion.</li><li>The sell-off was influenced by factors such as the $1.5 billion Bybit breach, the US Federal Reserve's hawkish tone, and a previous inflow streak of $29 billion.</li><li>Bitcoin suffered the most with $2.6 billion in withdrawals, followed by Ethereum with $300 million leaving Ether ETPs.</li><li>Overall, the total assets under management (AUM) in crypto ETPs declined from $173 billion to $138.8 billion.</li></ul>

Crypto ETPs Face Massive $2.9B Outflow Amid Market Uncertainty

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