Between January 17 and 23, cryptocurrency investment products saw an outflow of $1.73 billion. This marks the worst performance since mid-November 2025, according to a report by CoinShares.
Analysts attributed the sell-off to worsening expectations regarding interest rate cuts. Additional pressure came from negative price momentum and investor disappointment in the protective qualities of digital assets.
The primary driver of the outflow was the United States, where local players withdrew nearly $1.8 billion from the market. Minor sales were recorded in Sweden and the Netherlands.
In other regions, market participants bought the dip. Switzerland, Germany, and Canada collectively directed $85.1 million into crypto funds, opening long positions.
Among assets, Bitcoin suffered the most.
Outflows from products based on the first cryptocurrency amounted to $1.09 billion. Instruments allowing short positions on digital gold attracted a symbolic $0.5 million.
Ethereum funds lost $630 million, while products based on XRP saw outflows of $18.2 million.
Contrary to the overall trend, Solana ended the week with an inflow of $17.1 million. Positive dynamics were also shown by BNB ($4.6 million) and Chainlink ($3.8 million).
Earlier, from January 10 to 16, inflows into cryptocurrency investment products amounted to $2.17 billion.