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.
Newer XRP (CRYPTO:XRP) and Solana (CRYPTO:SOL) ETPs, however, attracted fresh capital, suggesting investors are rotating into selective opportunities.
XRP ETPs led inflows with $70.2 million added during the week, while Solana products recorded $7.5 million.
Data from SoSoValue showed XRP ETFs have not seen a single day of net outflows since launch.
Solana ETFs have experienced outflows on just three trading days since their debut.
Since launching in mid-October in the United States, XRP ETFs have attracted more than $1 billion in net inflows each.
Solana ETFs have recorded around $750 million in cumulative net inflows over the same period.
Bitcoin ETPs posted weekly outflows of $443 million, marking one of the largest single-week redemptions this quarter.
Ether (CRYPTO:ETH) products also remained under pressure, with $59.5 million withdrawn during the same period.
Since the launch of newer ETFs, Bitcoin products have seen $2.8 billion exit, while Ether products have lost $1.6 billion.
Regional data showed outflows were heavily concentrated in the United States.
US-listed products accounted for $460 million in weekly outflows, representing the majority of global redemptions.
The continued selling reflects defensive positioning by American investors following October’s market shock.
Germany stood out as a notable exception, recording $35.7 million in weekly inflows.
German inflows lifted the country’s month-to-date total to roughly $248 million, the strongest among all tracked regions.
The continued buying suggests some European investors are using recent price weakness to increase exposure.
Overall, the data indicates crypto capital remains active but increasingly selective as the year draws to a close.
Rather than signalling capitulation, recent flows point to a more disciplined market focused on targeted positions over broad exposure.
At the time of reporting, Bitcoin price was $87,134.61