Key Notes
- CoinShares’ weekly report shows that crypto investments saw capital outflows to the tune of $446 million.
- Bitcoin and Ethereum have dominated outflows over the past week.
- XRP and SOL ETFs continue to see massive inflows.
The “Digital Asset Fund Flows Weekly Report” published by CoinShares reveals that crypto investments saw outflows of $446 million.
The majority of outflows were concentrated in the United States, while Germany maintained its inflows. On the other hand, XRP
XRP
$1.86
24h volatility:
0.1%
Market capitalization:
$112.91 billion
Flight. 24h:
$1.59 billion
and Solana
GROUND
$124.4
24h volatility:
0.5%
Market capitalization:
$69.96 billion
Flight. 24h:
$3.20 billion
linked funds continued to record positive inflows.
XRP and SOL outperform BTC and ETH
The new volume of CoinShares’ Cryptocurrency Inflows Report indicates that digital investment products saw outflows of $446 million over the past week.
As a result, total outflows since the October 10 price crash have now reached $3.2 billion. Clearly, investors have still not recovered from these difficult market conditions.
Year-to-date flows remain in line with last year, totaling $46.3 billion. In 2024, inflows reached $48.7 billion.
Total assets under management (AuM) have seen an increase of 10% since the start of the year. This indicates that the average investor has not seen a positive outcome this year once flows are taken into account.
While Bitcoin
BTC
$87,891
24h volatility:
0.7%
Market capitalization:
$1.76 million
Flight. 24h:
$36.12 billion
and Ethereum
ETH
$2,979
24h volatility:
1.7%
Market capitalization:
$359.73 billion
Flight. 24h:
$18.63 billion
recorded outflows, XRP and Solana saw significant inflows of $70.2 million and $7.5 million, respectively.
ETFs linked to these altcoins were launched in the United States in mid-October and since then they have seen massive inflows.
XRP and SOL ETFs surprise the industry
As of December 29, XRP ETFs had seen inflows of $1.07 billion, while its counterpart SOL had seen inflows of $1.34 billion.
Therefore, both funds managed to overcome the negative sentiment seen on other assets.
Of the two altcoins, XRP has particularly surprised the broader crypto market. Since its launch, it has experienced a series of uninterrupted inflows.
According to data from SoSoValue, US XRP ETFs saw a cumulative net inflow of $1.14 billion as of December 26.
Amid this bullish sentiment, Bitcoin and Ethereum ETFs are bleeding, losing millions of dollars in capital outflows.
Solana ETFs saw net inflows of $95.3 million through mid-December. This equates to 70% of November’s total inflows of $137.5 million. As of December 26, SOL ETFs have seen cumulative net inflows of $755.77 million.
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Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article is intended to provide accurate and current information, but should not be considered financial or investment advice. Because market conditions can change quickly, we encourage you to verify the information for yourself and consult a professional before making any decisions based on this content.
Benjamin Godfrey is a blockchain enthusiast and journalist who enjoys writing about real-world applications of blockchain technology and innovations aimed at driving mainstream acceptance and global integration of the emerging technology. His desire to educate people about cryptocurrencies inspires his contributions to renowned blockchain media and sites.
