Between October 31 and November 8, $1.17 billion was withdrawn from digital asset investment products. This marks the second consecutive week of capital outflow, according to a report by CoinShares.
The main reasons are market volatility following a cascade of liquidations and uncertainty regarding interest rate cuts in the United States.
The largest withdrawals were from Bitcoin funds, amounting to $932 million. Ethereum-based instruments lost $438 million. Exchange-traded funds allowing short positions on Bitcoin saw inflows of $11.8 million, the highest since May 2025.
From November 3 to 7, spot Bitcoin ETFs saw withdrawals of $1.22 billion, while Ethereum products saw $508 million withdrawn. For both assets, this represents the third-largest weekly outflow in history.
Against this backdrop, altcoin-based instruments showed positive dynamics, with inflows into Solana products reaching $118 million. Over the past nine weeks, $2.1 billion has been invested in funds based on the “people’s cryptocurrency.”
There was also notable interest in HBAR ($26.8 million) and Hyperliquid ($4.2 million).
Geographically, the main outflow occurred in the United States, where funds lost $1.22 billion. In contrast, Europe saw inflows: $41.3 million in Germany and $49.7 million in Switzerland.
Back in late October, from the 27th to the 31st, outflows from cryptocurrency-based investment products amounted to $360 million.