Key Insights:
- Crypto ETPs record $1.94 billion in weekly outflows extending negative trend to four weeks.
- XRP defies market sentiment with $89.3 million in positive inflows during the period.
- United States accounts for 87% of total outflows at $1.69 billion.
Digital asset investment products recorded $1.94 billion in net outflows during the latest weekly reporting period.
Data from CoinShares shows crypto ETPs extending their negative flow streak to four consecutive weeks with combined redemptions totaling $4.92 billion.
XRP emerged as the sole major asset to attract inflows with $89.3 million in new capital. The four-week outflow period ranks as the third-largest since 2018.
Total assets under management for crypto ETPs stand at $167.32 billion across all products. Year-to-date inflows remain positive at $44.43 billion through November despite the recent withdrawal period.
Bitcoin and Ethereum Drive Crypto ETP Outflows
Bitcoin products dominated outflow activity with $1.27 billion in redemptions during the weekly period. CoinShares data shows Bitcoin crypto ETPs accounting for 65% of total withdrawals.
The asset showed recovery signals on Friday with $225 million in inflows breaking the multi-day negative streak. Ethereum products recorded $589 million in outflows representing 30% of total redemptions.
The second-largest crypto ETP category suffered proportionally larger impacts with outflows reaching 7.3% of assets under management.
Ethereum staged a minor recovery on Friday matching Bitcoin’s positive momentum. The asset attracted $57.5 million in inflows during the final trading session.
Multi-asset products saw $35.9 million exit during the week with month-to-date flows turning positive at $9 million.
Year-to-date performance for multi-asset crypto ETPs shows negative $27 million in cumulative flows with $6.85 billion in total assets.
XRP Leads Altcoin Crypto ETP Performance
XRP products bucked the overall market trend with $89.3 million in inflows during the outflow-dominated week.
The positive performance stands in stark contrast to other altcoin categories. Month-to-date flows for XRP crypto ETPs reached $351 million with year-to-date inflows totaling $2.32 billion.
Total assets under management for XRP products stand at $2.23 billion. Solana products faced $156.2 million in outflows during the weekly period.
Month-to-date redemptions for Solana crypto ETPs reached $47.5 million with year-to-date inflows maintaining positive stand at $3.24 billion.
Assets under management total $2.99 billion across Solana investment products. Litecoin attracted $3.3 million in weekly inflows with month-to-date flows reaching $8.6 million.
Year-to-date performance shows $18 million in cumulative inflows with $192 million in assets under management. Cardano recorded minimal activity with $0.1 million in weekly inflows and $0.5 million month-to-date. S
ui products saw $5 million in outflows during the week with month-to-date redemptions totaling $2.8 million.
United States Dominates Geographic Crypto ETP Distribution
The United States accounted for $1.69 billion of the $1.94 billion in total weekly crypto ETP outflows. American products represented 87% of global redemption activity during the period.
Month-to-date outflows from United States-based crypto ETPs reached $4.34 billion. Year-to-date flows remain strongly positive at $41.19 billion with $117.10 billion in assets under management.
Switzerland recorded $79.7 million in weekly outflows with month-to-date redemptions totaling $55.1 million. Year-to-date Swiss crypto ETP inflows stand at $594 million with $5.91 billion in assets under management.
Germany saw $118.2 million exit during the week with month-to-date outflows reaching $67.1 million. German products maintain positive year-to-date flows of $2.27 billion and $5.35 billion in total assets.
Canada experienced $27.1 million in weekly outflows with month-to-date redemptions at $44.5 million. Year-to-date Canadian crypto ETPs show $564 million in positive flows and $5.05 billion in assets under management.
Sweden recorded $26.8 million in weekly redemptions with month-to-date outflows totaling $66.1 million. Hong Kong saw $1.9 million exit with month-to-date outflows reaching $40.9 million.
Brazil provided a bright spot with $3.5 million in weekly inflows and $20.9 million month-to-date. Australian products attracted $2 million during the week despite negative $1.1 million month-to-date flows.
Provider Data Shows Concentrated Crypto ETP Selling
iShares ETFs dominated provider-level outflows with $1.65 billion in weekly redemptions. The BlackRock-managed products accounted for 85% of total outflows.
Month-to-date iShares crypto ETP redemptions reached $3.48 billion against year-to-date inflows of $34.82 billion. Assets under management total $75.13 billion across the product suite.
Grayscale Investments recorded $114 million in weekly inflows providing counterweight to overall market trends. Month-to-date flows turned negative at $662 million with year-to-date outflows totaling $3.07 billion.
Assets under management stand at $24.10 billion. Fidelity Wise Origin Bitcoin saw $116 million exit during the week with month-to-date outflows reaching $643 million. Year-to-date Fidelity crypto ETPs maintain positive flows of $86 million.
Coinshares Digital Securities experienced $148 million in weekly outflows with month-to-date redemptions at $151 million. ARK 21 Shares products saw $85 million exit during the period.
21Shares AG recorded $82 million in outflows while ProShares ETFs experienced $46 million in redemptions.
Bitwise Funds Trust attracted $5 million in weekly inflows with month-to-date outflows of $35 million. Other providers combined for $62 million in positive flows during the week.