Amid last week’s broad market sell-off, crypto investment products, particularly those tied to Bitcoin and Ethereum, recorded $1.94 billion in combined outflows.
Last week marked another difficult stretch for the broader crypto market, with major assets suffering steep declines. Bitcoin plunged to a multi-month low of roughly $80,600, while Ethereum slipped to around $2,600, reflecting the heightened volatility that gripped the sector. Much of this downturn was fueled by sustained withdrawals from crypto investment products.
Crypto Investment Products See Third Largest Outflow Run Since 2018
According to a new report from CoinShares, digital asset investment products recorded more than $1.94 billion in outflows over the past week, underscoring the depth of bearish sentiment among institutional investors.
The outflows extended the losing streak for crypto investment products to a fourth consecutive week, bringing the four-week total to $4.92 billion. Notably, this four-week total marks the third-largest outflow run for crypto investment products since 2018.
Bitcoin and Ethereum Lead Outflows
The report identified Bitcoin and Ethereum as the top assets that suffered the highest outflows. While Bitcoin experienced roughly $1.27 billion in outflows, Ethereum saw $589 million in outflows.
Despite this, Bitcoin still offered the clearest indication that sentiment may be stabilizing. On Friday, the final day of the trading week, BTC investment products recorded $225 million in inflows, helping lift overall market confidence after seven straight days of redemptions. Similarly, Ethereum-based investment products rebounded on Friday with $57.5 million in inflows.
Besides Bitcoin and Ethereum, other major assets, such as Solana, multi-asset, and Sui, also posted significant outflows, totaling $156.2 million, $35.9 million, and $5 million, respectively.
XRP Defies Trend, Posts Inflows
Interestingly, XRP emerged as a rare bright spot in a gloomy week for digital asset products. Investment vehicles tied to XRP attracted $89.3 million in inflows, lifting its total assets under management to $2.23 billion.
The asset’s resilience was largely supported by heightened interest following the launch of the Canary XRP ETF and the Bitwise XRP ETF, both of which helped draw fresh institutional capital.
Beyond XRP, a handful of other products also recorded modest inflows. Short Bitcoin continued to gain traction with $19 million in new investments, while Litecoin and Cardano products saw inflows of $3.3 million and $100,000, respectively.
Regional Flows
On the regional front, the United States accounted for the bulk of outflows, with crypto investment products in the market recording $1.68 billion in redemptions. Germany, Switzerland, Canada, and Sweden followed with outflows of $118.2 million, $79.7 million, $27.1 million, and $26.8 million, respectively.
Brazil and Australia defied the trend, as investment products in these regions attracted inflows totaling $3.5 million and $2 million, respectively.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.