Crypto Funds Bleed Cash: But These Two ETFs Break the Pattern

TLDR

• Crypto funds recorded $446 million in outflows during the past week.
• Total redemptions since October 10 have reached $3.2 billion.
• XRP funds saw $70.2 million in inflows, continuing a multi-week positive trend.
• Solana products attracted $7.5 million in weekly inflows.
• Bitcoin funds faced $443 million in outflows over the week.

Crypto funds saw $446 million in net outflows last week, marking persistent selling pressure across most regions. Total redemptions since October 10 now stand at $3.2 billion.

Although year-to-date flows remain near $46.3 billion, total assets under management have grown by only 10% this year. CoinShares reported the current crypto funds AUM at $174.2 billion.

The United States led the outflows, contributing $460 million in redemptions, exceeding the global total due to regional inflows elsewhere.

XRP and Solana Attract Inflows

XRP crypto funds posted $70.2 million in weekly inflows, extending gains seen since mid-October ETF launches. These flows pushed month-to-date totals to $424.8 million.

Year-to-date inflows into XRP products hit $3.3 billion, while total AUM stood at $2.9 billion. XRP remains in demand as flows stayed strong for consecutive weeks.

Solana funds added $7.5 million during the same period, continuing a pattern of steady weekly gains. Month-to-date inflows reached $124.8 million.

Since the October ETF rollout, Solana has recorded $1.34 billion in cumulative inflows. Its crypto funds now hold $3.1 billion in AUM.

U.S. Leads Outflows; Germany Sees Gains

Crypto funds in the U.S. saw $460 million in outflows, more than the global total due to inflows in other regions. Switzerland reported $14.2 million in redemptions.

Germany bucked the trend, attracting $35.7 million in weekly inflows. December inflows from German investors now stand at $248 million.

Other regions remained flat or saw small outflows. Australia recorded -$0.04 million, while Canada saw $2.9 million in redemptions.

Brazil had $1 million in losses, and Sweden posted $3.7 million in outflows. Hong Kong gained $0.9 million in new capital.

Bitcoin and Ethereum See Heavy Redemptions

Bitcoin products saw $443 million in outflows, leading the week’s losses. Month-to-date redemptions reached $25 million.

Since mid-October, Bitcoin crypto funds lost $2.8 billion. Year-to-date inflows remain at $26.8 billion.

Ethereum products followed with $59.3 million in weekly redemptions. Month-to-date losses hit $241 million.

Ethereum crypto funds have lost $1.6 billion since October. Their year-to-date flows total $12.7 billion.

Mixed Results Across Providers

Grayscale Investments lost $115 million last week, pushing monthly outflows to $211 million. Year-to-date redemptions now stand at $3.2 billion.

Grayscale holds $24.8 billion in AUM, retaining its position as the second-largest provider. Fidelity Wise Origin reported $111 million in weekly losses.

Fidelity still holds $69 million in monthly inflows and $385 million year-to-date. Its crypto funds’ AUM reached $17.6 billion.

Bitwise Funds saw $66 million leave last week. Its monthly outflows total $140 million, with a year-to-date loss of $52 million.

ARK 21 Shares lost $31 million on the week. It has now recorded $221 million in redemptions this month.

Select U.S. ETFs Draw New Capital

ProShares ETFs added $26 million in inflows, defying the general trend. It has collected $278 million this month.

ProShares’ year-to-date flows reached $2.2 billion. Volatility Shares Trust also gained $25 million in the week.

Month-to-date inflows now stand at $263 million. Their total inflows for the year reached $1.5 billion.

21Shares AG posted a smaller $2 million in outflows. Other providers saw little to no weekly activity.

Broader Crypto Funds Market Activity

Other multi-asset crypto funds recorded $27.2 million in outflows during the week. Monthly losses are now at $193.3 million.

Year-to-date redemptions in this segment reached $190 million. Products tied to Chainlink, Short Bitcoin, and Litecoin had mixed results.

Their impact on total flows was limited. Most of these crypto funds remained stable with low volume activity.

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