Cryptocurrency Assets Experience Continued Outflows as Altcoins Show Strength
Crypto investment products face ongoing selling pressure as Bitcoin and Ether lead substantial outflows, while altcoins like Solana defy the trend.
Continued Selling Pressures in Cryptocurrency Investment Products
Last week witnessed intensified selling in the cryptocurrency investment sector as funds experienced a second consecutive week of outflows due to persistent negative market sentiment.
Crypto exchange-traded products (ETPs) reported outflows totaling $1.17 billion, marking an increase of around 70% from the previous week’s $360 million. This data was released by CoinShares on Monday.
James Butterfill, CoinShares’ head of research, indicated that the sell-off stems from an ongoing bearish trend in the crypto markets following the Oct. 10 flash crash and uncertainties around a possible US interest rate cut in December. Furthermore, he mentioned that ETP trading volumes remained robust at $43 billion over the week but encountered renewed outflows as optimism regarding a U.S. government shutdown faded.
Bitcoin and Ether Lead Outflows
In line with previous trends, Bitcoin (BTC) ETPs experienced the most significant outflows last week, totaling $932 million, slightly down from $946 million the previous week. Conversely, Ether (ETH) funds faced a similar downturn, with $438 million in outflows after a modest $57 million in inflows earlier.
Related: Crypto Could Get Relief as US Senate Cuts Deal to End Shutdown: Report
Short Bitcoin ETPs, however, exhibited consistent inflows of $11.8 million last week, marking the highest weekly inflow since May 2025, as noted by Butterfill.
Altcoins Show Resilience
In contrast, several altcoins resisted the trends observed in the broader crypto ETP market. Solana (SOL) was notably strong, attracting inflows of $118 million last week, contributing to a total of $2.1 billion in inflows over the past nine weeks. Other altcoins like XRP (XRP), Hedera (HBAR), and Hyperliquid (HYPE) also managed to bring in inflows of $28 million, $27 million, and $4.2 million respectively.
After two weeks of significant outflows totaling $1.5 billion, assets under management in crypto ETPs have decreased to $207.5 billion, reaching the lowest point since mid-July, coinciding with a previous peak in early October when AUM exceeded $254 billion.
