Crypto funds shed $952M but XRP and Solana buck the outflow trend
Key Takeaways
- Digital asset investment products saw $952 million in outflows last week, led by Ethereum and Bitcoin.
- XRP and Solana recorded strong inflows, defying the broader fund withdrawal trend.
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Crypto investment products shed $952 million last week as delays to the market structure bill and concerns over whale selling triggered a risk-off shift among investors, according to CoinShares.
The pullback snapped a four-week inflow streak, largely driven by heavy outflows from Ethereum and Bitcoin funds. About $555 million exited Ethereum products, while Bitcoin funds saw $460 million in outflows.
In contrast, XRP and Solana investment products continued to draw in fresh capital. Investors added approximately $63 million to XRP funds and nearly $49 million to Solana products.
Despite last week’s weakness, Ethereum is still outperforming last year on a year-to-date basis. Funds linked to the second-largest crypto have attracted $12.7 billion so far this year, compared with $5.3 billion over the same period last year.
Bitcoin has yet to match last year’s momentum, with funds tied to the leading crypto asset drawing $27.2 billion in inflows year-to-date, versus $41.6 billion in 2024.
As of December 20, digital asset investment products had around $46.7 billion in total assets under management, well below the $48.7 billion recorded in 2024.
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