Crypto funding merchandise have been seeing weekly outflows for 4 consecutive weeks now, with $876 million withdrawn final week, bringing the four-week complete to $4.75 billion.
The sustained withdrawals and an ongoing cryptocurrency market drawdown have erased positive aspects made since November 2024 after Donald Trump received the U.S. Presidential elections, pushing complete belongings below administration (AUM) down by $39 billion to $142 billion.
Investor sentiment within the U.S. is especially bearish, with $922 million in outflows, whereas traders in Europe and Canada introduced in modest inflows, information from CoinShare’s Digital Asset Fund Flows report exhibits.
Funding merchandise centered on bitcoin noticed $756 million in outflows, whereas merchandise shorting the cryptocurrency noticed $19.8 million in withdrawals, the most important since December 2024 in line with the report.
Ethereum-focused merchandise endured $89 million outflows, whereas merchandise specializing in solana (SOL), XRP, and Sui (SUI) noticed inflows of $16.4 million, $5.6 million, and $2.7 million respectively.
Regardless of the collapse in belongings below administration for cryptocurrency funding merchandise, cryptocurrency costs stay above the degrees seen earlier than Trump was elected. Bitcoin is up greater than 21% since Nov. 5, whereas the broader CoinDesk 20 Index is up round 30% over the identical interval.