Crypto ETPs Struggle Amid DeepSeek Panic and Market Concerns

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%.