Cryptocurrency funds have a negative week, with outflows reaching US$ 3.2 billion since October

Source: PortaldoBitcoin Original Title: Cryptocurrency Funds Have a Negative Week and Outflows Reach US$ 3.2 Billion Since October Original Link: Cryptocurrency investment products recorded US$ 446 million (R$ 2.5 billion) in outflows last week, bringing the total outflows since the sharp price drop on October 10 to US$ 3.2 billion, according to data released this Monday (29).

“This suggests that investor sentiment has not fully recovered. The accumulated flows for the year, however, remain largely in line with last year,” according to the report, which highlights that the year’s total was US$ 46.3 billion in inflows, compared to a positive balance of US$ 48.7 billion in 2024.

The total assets under management (AuM) increased by only 10% year-to-date, indicating that the average investor has not seen a positive result this year, considering the flows.

Regional Outflows

Regionally, outflows were widespread, with the US as the main focus, recording outflows of US$ 460 million. Switzerland also showed a significant negative balance, of US$ 14.2 million. Brazil, despite a lower number, also followed the trend with outflows of US$ 1 million.

Germany was the biggest exception, with inflows of US$ 35.7 million. The European country recorded the largest inflow this month, with US$ 248 million, suggesting that investors are taking advantage of the recent price drop to accumulate positions.

XRP and Solana Funds Lead Inflows

Funds in XRP and Solana cryptocurrencies recorded the largest inflows last week, totaling US$ 70.2 million and US$ 7.5 million, respectively. Since the launch of ETFs in the US in mid-October, they have accumulated inflows of US$ 1.07 billion and US$ 1.34 billion, respectively, contrary to the negative sentiment observed in other assets.

In contrast, Bitcoin and Ethereum recorded outflows of US$ 443 million and US$ 59.5 million last week, and since the launch of XRP and Solana ETFs, they have accumulated outflows of US$ 2.8 billion and US$ 1.6 billion, respectively.