The cryptocurrency market experienced significant movements in the last week, marked by record outflows from digital asset investment products and a notable shift in Bitcoin ETF dynamics. Digital asset investment products witnessed a record outflow of $942 million, ending a seven-week streak of inflows that cumulatively totaled up to $12.3 billion. This massive outflow was led by Grayscale's Bitcoin ETF, which alone accounted for $1.9 billion in outflows. Despite this, the US ETF market managed to gather $1.1 billion in inflows, mitigating the impact of Grayscale's outflows. BlackRock's spot Bitcoin ETF, IBIT, is on course to overtake Grayscale's GBTC in total Bitcoin holdings within two weeks, with GBTC facing potential Bitcoin depletion in 14 weeks. This shift comes as BlackRock's ETF has accounted for over 50% of their net inflows in 2024, despite recent outflows from Bitcoin ETFs totaling $889.75M over five consecutive days. The market also saw a significant Coinbase premium return, indicating a potential shift back to positive ETF flow. Bitcoin (BTC) is holding strong at around the $65,000 mark, while Ethereum (ETH) hovers at around $3,400.