{"id":686589,"date":"2025-01-30T21:30:08","date_gmt":"2025-01-30T21:30:08","guid":{"rendered":"https:\/\/wncen.com\/?p=686589"},"modified":"2025-01-30T14:07:52","modified_gmt":"2025-01-30T14:07:52","slug":"534-million-exit-deepseek-debut-sends-shockwaves-through-crypto-etfs","status":"publish","type":"post","link":"https:\/\/wncen.com\/news-3\/534-million-exit-deepseek-debut-sends-shockwaves-through-crypto-etfs\/","title":{"rendered":"$534 Million Exit: DeepSeek Debut Sends Shockwaves Through Crypto ETFs"},"content":{"rendered":"<p>The entry of DeepSeek into the market has caused a seismic shift in the cryptocurrency landscape, causing wide-scale volatility and significant capital outflows. Ripple effects were felt across multiple sectors, with crypto mining stocks bearing the brunt of the impact. Investors scrambled to reassess their positions. Market sentiment turned bearish within hours.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/analysis\/doge\/dogecoin-doge-signals-upside-0-340\/\" target=\"_blank\" rel=\"noopener \">Dogecoin (DOGE) Signals New Upside Move: Can Bulls Take Charge?<\/a><\/div>\n<h2><strong>Tech Giants Show Resilience Amid DeepSeek Scare<\/strong><\/h2>\n<p>Major US technology stocks remained surprisingly resilient during the uncertainty within the cryptocurrency space. Companies such as Nvidia, Apple, and Amazon were able to bounce back strongly. Their recovery was a stark contrast to the crypto market&#8217;s struggles. The divergence between traditional tech and digital assets was apparent throughout the trading session.<\/p>\n<h2><strong>Bitcoin And Ethereum ETFs Face Massive Withdrawals<\/strong><\/h2>\n<p>The turbulence was particularly challenging for cryptocurrency investment products. Spot Bitcoin ETFs, which had thrived with inflows amounting to nearly $2 billion in the week following Donald Trump&#8217;s second term launch, sharply reversed. Farside Investors reported that this saw the product see outflows of $457.6 million. Still, this was not better for Ethereum ETFs, which lost $136.2 million.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Yesterday&#8217;s rout in the markets caused by the DeepSeek news caused investors to panic, prompting outflows from Bitcoin and Ethereum totalling US$442m and US$99m respectively. <a href=\"https:\/\/t.co\/7a01ZwUTu1\" rel=\"nofollow\">pic.twitter.com\/7a01ZwUTu1<\/a><\/p>\n<p>\u2014 James Butterfill (@jbutterfill) <a href=\"https:\/\/twitter.com\/jbutterfill\/status\/44635711?ref_src=twsrc%5Etfw\" rel=\"nofollow\">January 28, 2025<\/a><\/p><\/blockquote>\n<p>Head of research at CoinSharesCo James Butterfill broke this story open to reveal insight:<\/p>\n<blockquote>\n<h4>\u201cYesterday\u2019s rout in the markets caused by the DeepSeek news caused investors to panic, prompting outflows from Bitcoin and Ethereum totalling US$442m and US$99m respectively.\u201d<\/h4>\n<\/blockquote>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-686626\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2025\/01\/a_f48eca.png?resize=1024%2C825\" alt=\"\" width=\"1024\" height=\"825\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2025\/01\/a_f48eca.png?w=1085 1085w, https:\/\/wncen.com\/wp-content\/uploads\/2025\/01\/a_f48eca.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2025\/01\/a_f48eca.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2025\/01\/a_f48eca.png?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2025\/01\/a_f48eca.png?w=750 750w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\"><\/p>\n<p>The cryptocurrency mining business was not immune to the market downturn. Large companies like Riot Platforms, Cleanspark, and MARA Holdings all recorded losses for the second day running. Their troubles reflected the greater instability in the market. According to CoinMarketCap, the global cryptocurrency market lost nearly a percent in value in the last 24 hours.<\/p>\n<p>Total ETP outflows exceeded $534 million during the crypto market&#8217;s stunning one-day sell-off, which rattled investor confidence.<\/p>\n<figure style=\"width: 1626px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full\" src=\"https:\/\/www.tradingview.com\/x\/uDZckyAK\/\" width=\"1626\" height=\"883\"><figcaption class=\"wp-caption-text\">Total crypto market cap currently at $3.51 trillion. Chart: <a href=\"https:\/\/www.tradingview.com\/\" target=\"_blank\" rel=\"noopener nofollow\">TradingView<\/a><\/figcaption><\/figure>\n<h3><strong>XRP, Surprise Performer<\/strong><\/h3>\n<p>Despite the general chaos, XRP was a surprise performer. Even with some drops, the digital product quickly bounced back. XRP ETPs even registered a new purchase of $2.1 million in the face of the market turmoil.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/news\/bitcoin\/no-more-bitcoin-bear-market-fund-cio\/\" target=\"_blank\" rel=\"noopener \">No More Bitcoin Bear Markets Ever? Fund CIO Explores New Market Reality<\/a><\/div>\n<p>On-chain data supported this contrarian movement when high-net-worth wallets accumulate around 120 million XRP during the downtrend. These strategic investors apparently viewed the market dip as a buying opportunity rather than a reason to exit.<\/p>\n<p>The DeepSeek incident has highlighted the cryptocurrency market&#8217;s continued susceptibility to sudden shocks. Different assets and areas showed different levels of strength.<\/p>\n<p>XRP&#8217;s growth was very noticeable compared to the overall weakness in the market. Now that things have calmed down, investors and experts are watching to see if these trends are just a short-term issue or signal a more significant shift in market dynamics.<\/p>\n<p><em>Featured image from Gemini Imagen 3, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The entry of DeepSeek into the market has caused a seismic shift in the cryptocurrency landscape, causing wide-scale volatility and significant capital outflows. Ripple effects were felt across multiple sectors, with crypto mining stocks bearing the brunt of the impact. Investors scrambled to reassess their positions. Market sentiment turned bearish within hours. Related Reading: Dogecoin (DOGE) Signals New Upside Move: Can Bulls Take Charge? Tech Giants Show Resilience Amid DeepSeek Scare Major US technology stocks remained surprisingly resilient during the uncertainty within the cryptocurrency space. Companies such as Nvidia, Apple, and Amazon were able to bounce back strongly. Their recovery was a stark contrast to the crypto market&#8217;s struggles. The divergence between traditional tech and digital assets was apparent throughout the trading session. Bitcoin And Ethereum ETFs Face Massive Withdrawals The turbulence was particularly challenging for cryptocurrency investment products. Spot Bitcoin ETFs, which had thrived with inflows amounting to nearly $2 billion in the week following Donald Trump&#8217;s second term launch, sharply reversed. Farside Investors reported that this saw the product see outflows of $457.6 million. Still, this was not better for Ethereum ETFs, which lost $136.2 million. Yesterday&#8217;s rout in the markets caused by the DeepSeek news caused investors to panic, prompting outflows from Bitcoin and Ethereum totalling US$442m and US$99m respectively. pic.twitter.com\/7a01ZwUTu1 \u2014 James Butterfill (@jbutterfill) January 28, 2025 Head of research at CoinSharesCo James Butterfill broke this story open to reveal insight: \u201cYesterday\u2019s rout in the markets caused by the DeepSeek news caused investors to panic, prompting outflows from Bitcoin and Ethereum totalling US$442m and US$99m respectively.\u201d The cryptocurrency mining business was not immune to the market downturn. Large companies like Riot Platforms, Cleanspark, and MARA Holdings all recorded losses for the second day running. Their troubles reflected the greater instability in the market. According to CoinMarketCap, the global cryptocurrency market lost nearly a percent in value in the last 24 hours. Total ETP outflows exceeded $534 million during the crypto market&#8217;s stunning one-day sell-off, which rattled investor confidence. XRP, Surprise Performer Despite the general chaos, XRP was a surprise performer. Even with some drops, the digital product quickly bounced back. XRP ETPs even registered a new purchase of $2.1 million in the face of the market turmoil. Related Reading: No More Bitcoin Bear Markets Ever? Fund CIO Explores New Market Reality On-chain data supported this contrarian movement when high-net-worth wallets accumulate around 120 million XRP during the downtrend. These strategic investors apparently viewed the market dip as a buying opportunity rather than a reason to exit. The DeepSeek incident has highlighted the cryptocurrency market&#8217;s continued susceptibility to sudden shocks. Different assets and areas showed different levels of strength. XRP&#8217;s growth was very noticeable compared to the overall weakness in the market. Now that things have calmed down, investors and experts are watching to see if these trends are just a short-term issue or signal a more significant shift in market dynamics. Featured image from Gemini Imagen 3, chart from TradingView<\/p>\n","protected":false},"author":557,"featured_media":686697,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[93933],"tags":[10151,428,6664,94075,8379,1946,17027],"class_list":["post-686589","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-3","tag-ai","tag-bitcoin","tag-crypto","tag-deepseek","tag-etfs","tag-ethereum","tag-etp"],"acf":[],"yoast_head":"\n<title>$534M Exit: DeepSeek Debut Sends Shockwaves Through Crypto<\/title>\n<meta name=\"description\" content=\"The entry of DeepSeek into the market has caused a seismic shift in the cryptocurrency landscape, causing wide-scale volatility and significant capital\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/wncen.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"$534 Million Exit: DeepSeek Debut Sends Shockwaves Through Crypto ETFs","url":"http:\/\/wncen.com\/news-3\/534-million-exit-deepseek-debut-sends-shockwaves-through-crypto-etfs\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news-3\/534-million-exit-deepseek-debut-sends-shockwaves-through-crypto-etfs\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2025\/01\/deep.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2025\/01\/deep.png?fit=1024%2C1024"},"articleSection":"News","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["ai","bitcoin","crypto","deepseek","etfs","ethereum","etp"],"dateCreated":"2025-01-30T21:30:08Z","datePublished":"2025-01-30T21:30:08Z","dateModified":"2025-01-30T21:30:08Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"$534 Million Exit: DeepSeek Debut Sends Shockwaves Through Crypto ETFs\",\"url\":\"http:\\\/\\\/wncen.com\\\/news-3\\\/534-million-exit-deepseek-debut-sends-shockwaves-through-crypto-etfs\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news-3\\\/534-million-exit-deepseek-debut-sends-shockwaves-through-crypto-etfs\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2025\\\/01\\\/deep.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2025\\\/01\\\/deep.png?fit=1024%2C1024\"},\"articleSection\":\"News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"ai\",\"bitcoin\",\"crypto\",\"deepseek\",\"etfs\",\"ethereum\",\"etp\"],\"dateCreated\":\"2025-01-30T21:30:08Z\",\"datePublished\":\"2025-01-30T21:30:08Z\",\"dateModified\":\"2025-01-30T21:30:08Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2025\/01\/deep.png?fit=1024%2C1024","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/686589","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=686589"}],"version-history":[{"count":5,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/686589\/revisions"}],"predecessor-version":[{"id":686695,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/686589\/revisions\/686695"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/686697"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=686589"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=686589"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=686589"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}