Digital asset investment funds faced another difficult week as capital continued to move out of the sector. However, selective demand for newer exchange-traded products linked to XRP and Solana offered a contrasting signal.
The latest weekly flow data shows investors remain cautious after recent price volatility, even as some assets attract fresh interest. Consequently, the market now reflects a mix of defensive positioning and targeted accumulation rather than broad risk appetite.
Last week, crypto investment products recorded net outflows totaling $446 million. This development pushed cumulative withdrawals since the early October market shock to $3.2 billion.
Hence, sentiment has yet to return to levels seen before the sharp price decline. Although yearly inflows still appear strong on paper, investor outcomes look less favorable once market losses enter the equation.
Year-to-date inflows currently stand near $46.3 billion, slightly below last year’s pace. However, assets under management have increased by only about 10% this year.
Consequently, the average investor has gained little despite steady capital deployment. This gap highlights the impact of volatile pricing rather than declining participation.
Regional Flows Show Diverging Investor Behavior
Outflows last week concentrated heavily in the United States, which recorded withdrawals of roughly $460 million. Additionally, Switzerland posted modest outflows, reflecting a cautious stance across several developed markets. However, Germany moved in the opposite direction and attracted $35.7 million in new inflows.
Source: CoinShares
Significantly, Germany has now led monthly inflows with $248 million. This trend suggests investors there view recent price weakness as a buying opportunity. Moreover, the pattern points to a more selective approach rather than broad retreat from digital assets.
XRP and Solana ETFs Attract Consistent Demand
While most major assets faced pressure, XRP and Solana products continued drawing capital. XRP funds recorded inflows of $70.2 million last week, while Solana products added $7.5 million. Since their mid-October ETF launches in the United States, both assets have accumulated more than $1 billion each.
Source: CoinShares
However, Bitcoin and Ethereum followed a different path. Bitcoin funds saw $443 million in weekly outflows, while Ethereum products lost $59.5 million. Additionally, both assets have posted multi-billion-dollar outflows since the newer ETFs entered the market.
