TL;DR
- Record $2 billion weekly outflows from digital asset ETPs.
- US investors drove 97% of the total outflows last week.
- Bitcoin and Ethereum saw outflows of $1.38B and $689M.
Digital asset ETPs recorded US$2 billion in outflows during the previous week, a level not seen since February. Coinshare reported three consecutive weeks of withdrawals that now accumulate US$3.2 billion, a trend shaped by monetary policy uncertainty and by selling pressure from large crypto-native holders. Total assets under management in ETPs declined from an early October peak near US$264 billion to US$191 billion, marking a 27% drop driven by market repricing.
The United States accounted for 97% of all withdrawals, equal to US$1.97 billion. Switzerland followed with US$39.9 million in outflows, while Hong Kong registered US$12.3 million. A different pattern appeared in Germany, where investors added US$13.2 million and interpreted lower token prices as an entry point during the downturn.
Bitcoin absorbed the heaviest hit
Outflows reached US$1.38 billion over the week, completing a three-week pattern that now equals 2% of total AuM tied to the asset. Ethereum posted US$689 million in withdrawals, equal to 4% of its AuM, a proportion that reveals deeper pressure. Solana and XRP registered smaller reductions of US$8.3 million and US$15.5 million.
Traders looked for protection through diversified exposure. Multi-asset ETPs attracted US$69 million over three weeks, while short-bitcoin products gained US$18.1 million during the same period. The shift suggests a search for defensive positioning while traders face policy uncertainty, declining liquidity, and heavier selling from large holders.
