- Crypto investment products saw $173 million in outflows last week, extending a four-week losing streak to a total of $3.74 billion.
- U.S. funds bled $403 million, while European and Canadian investors added $230 million, highlighting a sharp regional divergence.
- Short-Bitcoin products also saw outflows, a pattern that CoinShares analyst James Butterfill notes is “often seen near market lows.”
- Despite Bitcoin and Ethereum outflows, funds for Solana and XRP attracted significant inflows of $31 million and $33.4 million, respectively.
Institutional crypto funds have now suffered four consecutive weeks of outflows, erasing billions in capital as U.S. investors lead a dramatic retreat, according to the latest report from CoinShares. However, this global headline masks a stark geographic split in investor sentiment.
U.S. digital asset funds saw outflows of $403 million last week alone. Consequently, a single region is driving the majority of the selling pressure.
Meanwhile, Europe and Canada posted inflows totaling $230 million. This suggests international institutions are viewing the price drop as a buying opportunity.
Bitcoin products bore the brunt of the selling with $133.3 million in outflows. CoinShares Head of Research James Butterfill noted that short-Bitcoin funds also saw outflows, a pattern he argued is “often seen near market lows.”
Ethereum funds suffered $85.1 million in withdrawals. In contrast, Solana and XRP products attracted $31 million and $33.4 million in new capital, respectively.
The resilience of Solana is evident on prediction market Myriad, where users assign a 52% chance that Solana hits $150 before silver. This reflects ongoing retail interest in select altcoins.
Nick Ruck, director of LVRG Research, told Decrypt the altcoin surge “stems mainly from renewed retail risk appetite after softer U.S. inflation data.” He described it as a classic rotation away from Bitcoin.
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