Crypto ETPs Struggle Amid DeepSeek Panic and Market Concerns

Bitget App

Trade smarter

Bitget

News

Cointime2025/02/03 12:33

By:Cointime

Last week, cryptocurrency exchange-traded products (ETPs) experienced a 72% drop in inflows, with only $527 million coming in compared to the previous week's $1.9 billion. This was due to market concerns around China's AI platform DeepSeek and fears of a global trade war triggered by US President Donald Trump's push for stricter tariffs on imports. XRP investment products were the exception, with $14.5 million in weekly inflows and YTD inflows of $105 million, making it the second-best-performing altcoin for ETPs. Grayscale Investments and Bitwise saw significant outflows, with Grayscale recording $298 million in outflows last week, expanding the previous week's outflows of $124 million by 140%.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops

Lock your assets and earn 10%+ APR

Lock now!

- FUN plunged 32.34% in 24 hours to $0.008938, marking a 541.8% monthly loss amid prolonged bearish trends. - Technical breakdowns, elevated selling pressure, and forced liquidations highlight deteriorating market sentiment and risk-off behavior. - Analysts identify key support below $0.0080 as critical, with bearish momentum confirmed by RSI (<30) and MACD indicators. - A trend-following backtest strategy proposes short positions based on technical signals to capitalize on extended downward trajectories.

Bitget-RWA•2025/09/12 06:14

FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn

OPEN has dropped by 189.51% within 24 hours during a significant market pullback

- OPEN's price plummeted 189.51% in 24 hours to $0.8907, marking its largest intraday decline in history. - The token fell 3793.63% over 7 days, matching identical monthly and yearly declines, signaling severe bearish momentum. - Technical analysts cite broken support levels and lack of bullish catalysts as key drivers of the sustained sell-off. - Absence of stabilizing volume or reversal patterns leaves the market vulnerable to further downward pressure.

Bitget-RWA•2025/09/12 06:14