Crypto exchange traded products recorded a second consecutive week of net outflows, totalling four hundred and forty six million dollars.
The downturn followed a broader reversal in market sentiment after a period of sustained inflows.
CoinShares data showed Bitcoin and Ethereum products led the weekly losses.
Total crypto ETP outflows have now reached three point two billion dollars since the October tenth market shock.
Bitcoin based ETPs shed nearly four hundred and forty three million dollars during the week.
Ethereum focused products recorded outflows of approximately fifty nine million dollars.
XRP and Solana funds were the only notable exceptions to the negative trend.
XRP exchange traded funds attracted roughly seventy million dollars in weekly inflows.
Solana based products added a smaller seven point five million dollars.
Franklin Templeton’s recently launched XRP ETF accounted for twenty eight point six million dollars of the inflows.
CoinShares said the figures suggest investor confidence has yet to fully recover.
This suggests investor sentiment has yet to fully recover.
CoinShares said.
Despite recent weakness, year to date inflows remain broadly in line with last year.
Total inflows for the year stand at forty six point three billion dollars.
That compares with forty eight point seven billion dollars recorded during the same period in twenty twenty four.
Assets under management across crypto ETPs have risen just ten percent year to date.
CoinShares noted this implies many investors have not seen positive returns once flows are considered.
The October market shock was one of the largest liquidation events in crypto history.
The sell-off was partially triggered by tariff threats from United States President Donald Trump.
Trump warned of a one hundred percent tariff on imports from China at the time.
Analysts believe institutional traders and market makers were heavily involved in the liquidations.
Regional data showed the United States led global outflows once again.
US listed crypto ETPs recorded withdrawals of around four hundred and sixty million dollars.
Switzerland followed with outflows totalling fourteen million dollars.
Germany stood out as a rare bright spot amid the global sell-off.
German listed products attracted thirty five point seven million dollars in weekly inflows.
Germany was the notable exception.
CoinShares said.
CoinShares added German investors appear to be buying into recent price weakness.
The data suggests selective accumulation continues despite overall bearish sentiment.
Analysts said diverging regional flows reflect uneven confidence across global markets.
XRP’s resilience has drawn attention as broader crypto investment appetite remains subdued.
At the time of reporting, Bitcoin price was $87,313.97.