Crypto exchange-traded products recorded $446 million in net outflows during the final full trading week of Christmas, reflecting fragile sentiment across digital asset markets.
The latest withdrawals extended a cautious trend that has remained in place since the sharp market correction seen in October.
Asset manager CoinShares reported that cumulative outflows since 10 October have now reached $3.2 billion, underlining the slow recovery in investor confidence.
The recent weakness contrasts with year-to-date inflows of $46.3 billion, a level broadly in line with full-year figures recorded across 2024.
Despite the strong headline inflow number, total assets under management have risen by only 10% so far this year, highlighting muted net performance.
The average investor has not seen a positive outcome this year once flows are taken into account.
James Butterfill said.
Flow data pointed to a clear shift in investor behaviour rather than a broad retreat from crypto-linked products.
Bitcoin (CRYPTO:BTC) and Ether ETPs continued to experience sustained outflows, signalling reduced appetite for large-cap exposure.