TechFlow news, October 20: According to CoinShares data, digital asset ETPs saw an outflow of $513 million following the liquidity cascade event on October 10.
The outflows were concentrated primarily in the U.S. market, reaching $621 million, while investors in Germany, Switzerland, and Canada bought the dip, recording inflows of $54.2 million, $48 million, and $42.4 million respectively.
Bitcoin was the main target of outflows, with $946 million withdrawn in a single week, while Ethereum recorded $205 million in weekly inflows. Solana and XRP saw inflows of $156 million and $73.9 million respectively. Despite the outflows, ETP trading volume remained high at $51 billion.
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