Main points
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Cryptocurrency investment products continued to see outflows towards the end of the year.
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Bitcoin led outflows over the past week, while Solana and XRP continued to see inflows in the following week.
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Weekly fund flows suggest investors are cautious.
Bitcoin and Ethereum exchange-traded funds (ETFs) continued to experience massive outflows at the end of the year.
While BTC and ETH investment products continue to experience outflows, Solana and XRP ETFs have maintained their bucking momentum, recording the largest weekly inflows since their inception.
Cryptocurrency investment products saw outflows of $446 million last week, bringing total outflows since the price shock on October 10 to $3.2 billion.
Despite the recent pullback, year-to-date inflows remain strong at $46.3 billion, down slightly from $48.7 billion in 2024, while total assets under management (AUM) are still up 10% year-to-date.
Bitcoin investment products accounted for the majority of outflows last week, with $443 million flowing out, while Ethereum products followed closely with $59.5 million.
In contrast, new products continue to attract capital. Solana and the XRP ETF both recorded their strongest weekly inflows since launch, bucking broader trends.
The XRP ETF recorded net inflows of $79 million, while the Solana ETF added more than $7.5 million.
This divergence suggests investor confidence is becoming increasingly selective, with capital shifting towards XRP and Solana exposure even as funds continue to exit Bitcoin and Ethereum products.
Looking at the weekly flows of cryptocurrency investment products, investors remain cautious about the value of BTC and ETH before the end of the year.
BTC price returned to $90,000, while ETH price climbed above $3,000.
However, like several instances since October, both coins failed to sustain the bullish momentum and lost all gains within hours after breaking through key resistance.
On the other hand, altcoin spot prices remain in bearish territory; however, due to the recent launch of these products, investors are more willing to take risks, as seen by XRP’s days of zero outflows, while Solana has seen large inflows from time to time.
The United States remains the center of most fund flows, with some of the largest ETF products launching in the country.
Inflows into Germany pointed to opportunistic buying during market declines, while the United States led negative inflows.
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