TLDR
- Crypto funds saw $446 million in outflows over the past week.
- Total redemptions since October 10 now hit $3.2 billion.
- XRP funds attracted $70.2 million in inflows, extending a multi-week positive streak.
- Solana products drew $7.5 million in weekly inflows.
- Bitcoin funds faced $443 million in outflows during the week.
Crypto funds experienced $446 million in net outflows last week, indicating ongoing selling pressure across most regions. Total redemptions since October 10 currently sit at $3.2 billion.
While year-to-date flows stay around $46.3 billion, total assets under management (AUM) have only grown 10% this year, putting current crypto fund AUM at $174.2 billion.
The United States led outflows with $460 million in redemptions—surpassing the global total due to inflows in other regions.
XRP and Solana Attract Inflows
XRP crypto funds posted $70.2 million in weekly inflows, extending gains from mid-October ETF launches. These flows boosted month-to-date totals to $424.8 million.
Year-to-date inflows into XRP products reached $3.3 billion, with total AUM at $2.9 billion. XRP remains in demand as flows have stayed strong for consecutive weeks.
Solana funds gained $7.5 million over the same period, continuing a trend of steady weekly increases. Month-to-date inflows hit $124.8 million.
Since the October ETF rollout, Solana has tallied $1.34 billion in cumulative inflows. Its crypto funds now hold $3.1 billion in AUM.
U.S. Leads Outflows; Germany Sees Gains
U.S. crypto funds had $460 million in outflows—surpassing the global total due to inflows elsewhere. Switzerland reported $14.2 million in redemptions.
Germany defied the trend, drawing $35.7 million in weekly inflows. December inflows from German investors now total $248 million.
- Source: CoinShares
Other regions were flat or had minor outflows. Australia logged -$0.04 million, while Canada had $2.9 million in redemptions.
Brazil lost $1 million, and Sweden reported $3.7 million in outflows. Hong Kong added $0.9 million in new capital.
Bitcoin and Ethereum See Heavy Redemptions
Bitcoin funds had $443 million in outflows, leading the week’s losses. Month-to-date redemptions hit $25 million.
Since mid-October, Bitcoin crypto funds have lost $2.8 billion. Year-to-date inflows still sit at $26.8 billion.
Ethereum products came next with $59.3 million in weekly redemptions. Month-to-date losses reached $241 million.
Ethereum crypto funds have shed $1.6 billion since October. Their year-to-date flows amount to $12.7 billion.
Mixed Results Across Providers
Grayscale Investments saw $115 million in outflows last week, increasing monthly outflows to $211 million. Year-to-date redemptions now total $3.2 billion.
Grayscale has $24.8 billion in AUM, keeping its spot as the second-largest provider. Fidelity Wise Origin reported $111 million in weekly outflows.
Fidelity still has $69 million in monthly inflows and $385 million year-to-date. Its crypto fund AUM hit $17.6 billion.
Bitwise Funds had $66 million in outflows last week. Its monthly outflows sum to $140 million, with a year-to-date loss of $52 million.
ARK 21 Shares lost $31 million last week. It has now logged $221 million in redemptions this month.
Select U.S. ETFs Draw New Capital
ProShares ETFs added $26 million in inflows, going against the broader trend. It has gathered $278 million this month.
ProShares’ year-to-date flows hit $2.2 billion. Volatility Shares Trust also picked up $25 million last week.
Month-to-date inflows now total $263 million. Their year-to-date inflows hit $1.5 billion.
21Shares AG had a smaller $2 million in outflows. Other providers had minimal to no weekly activity.
Broader Crypto Funds Market Activity
Other multi-asset crypto funds logged $27.2 million in outflows last week. Monthly losses now sit at $193.3 million.
Year-to-date redemptions in this segment hit $190 million. Products linked to , Short Bitcoin, and Litecoin had mixed outcomes.
Their effect on total flows was minimal. Most of these crypto funds stayed stable with low trading volume.
