Cryptocurrency investment products faced greater selling pressure last week, with crypto funds recording outflows for the second consecutive week amid ongoing negative market sentiment.
CoinShares reported on Monday that cryptocurrency exchange-traded products (ETPs) saw outflows of $1.17 billion last week, an increase of about 70% compared to the $360 million recorded the previous week.
James Butterfill, Head of Research at CoinShares, attributed the sell-off to the continued negative trend in the crypto market following the flash crash on October 10, as well as uncertainty regarding potential interest rate cuts in the U.S. in December.
Butterfill noted that ETP trading volume remained high this week, reaching $43 billion, and pointed out a brief recovery on Thursday due to optimism surrounding the U.S. government shutdown. However, he added that as those hopes faded, outflows re-emerged on Friday.
Similar to the previous week, Bitcoin (BTC) ETP led the outflows last week with $932 million, slightly down from $946 million the week before.
Ethereum (ETH) funds failed to resist the negative momentum, experiencing outflows of $438 million last week after recording inflows of $57 million the week prior.
Short Bitcoin ETP continued the negative trend, recording inflows of $11.8 million last week. Butterfill from CoinShares noted, "This, along with similar inflows from a few weeks ago, marks the highest single-week inflow since May 2025."
Several altcoins showed resilience against the crypto ETP sell-off, with Solana (SOL) leading with inflows of $118 million last week. Butterfill observed that over the past nine weeks, SOL ETP inflows totaled $2.1 billion.
Other altcoins such as Ripple (XRP), Hedera (HBAR), and Hyperliquid (HYPE) also recorded inflows, with net inflows of $28 million, $27 million, and $4.2 million, respectively.
After a total of $1.5 billion in outflows over two consecutive weeks, the assets under management for crypto ETPs fell to $207.5 billion, the lowest level since mid-July. The assets under management had peaked at over $254 billion in early October.
Related: "The Most Unpopular Bull Market in History?" Five Key Events for Bitcoin (BTC) to Watch This Week
Original article: “Crypto Funds See Outflows for Second Week, Altcoins Defy the Trend”
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
