Crypto funds see $173M outflows, regional divergence grows

Digital asset funds saw $173M in outflows last week, the fourth week of withdrawals. US funds led outflows, while Europe and Canada saw inflows. Bitcoin and Ethereum lost funds, but altcoins like XRP and Solana gained.

Digital asset investment funds experienced $173 million in net outflows last week, marking the fourth consecutive week of withdrawals and bringing the four-week total to $3.74 billion. The week started with $575 million in inflows, but this was quickly offset by $853 million in outflows, likely driven by ongoing price weakness. A modest rebound occurred on Friday after weaker-than-expected CPI data, resulting in $105 million in inflows. Trading volumes for exchange-traded products dropped sharply to $27 billion, down from $63 billion the previous week. Regionally, the United States led outflows with $403 million, while Germany, Canada, and Switzerland collectively attracted $230 million in inflows, highlighting a growing divergence in investor sentiment. Bitcoin and Ethereum products saw the largest outflows, while altcoins such as XRP, Solana, and Chainlink attracted inflows, indicating selective resilience despite overall market weakness.