Between December 12 and 20, investors withdrew $952 million from cryptocurrency investment products, according to a report by CoinShares.
Analysts attribute the negative trend to delays in the adoption of the Clarity Act, a law intended to regulate the crypto market. They believe the postponement extends the period of uncertainty for this asset class.
Another reason cited is ongoing concerns about sales from whales.
“As a result, it now seems highly unlikely that the total inflow into exchange-traded products will exceed last year’s figure,” experts commented.
At the time of writing, funds manage $46.7 billion compared to $48.7 billion in 2024.
The primary outflow occurred in the United States, amounting to $990 million. However, losses were somewhat offset by positive market sentiment in Canada ($46.2 million) and Germany ($15.6 million).
Bitcoin-based products saw an outflow of $460 million. The total funds raised since January are nearly half of last year’s: $27.2 billion compared to $41.6 billion.
Ethereum funds lost $555 million over the week. CoinShares described the result as logical, noting that the network of the second-largest cryptocurrency by market capitalization is most affected by the Clarity Act delays.
Meanwhile, instruments recorded a record inflow over the past 12 months: $12.7 billion compared to $5.3 billion a year earlier.
Products focused on Solana and XRP continued their positive trend, attracting $48.5 million and $62.9 million, respectively.
Currently, Solana funds manage $3.1 billion, while similar XRP-based instruments manage $2.9 billion.
Earlier, from December 5 to 13, cryptocurrency investment products received $864 million despite the correction.