Crypto ETPs shed $446M over Christmas as year-end sentiment remains fragile

Weekly fund flows point to lingering caution, with investors favoring newer products and select regions over broad market exposure.

Crypto exchange-traded products recorded $446 million in net outflows last week, extending a cautious trend persisting since October’s sharp market correction. 

According to asset manager CoinShares, the latest withdrawals bring total outflows since Oct. 10 to $3.2 billion, signaling that investor confidence has yet to recover as the year ends. The weekly outflows contrast with year-to-date (YTD) inflows of $46.3 billion, a figure broadly consistent with 2024 levels. 

CoinShares’ head of research, James Butterfill, said that total assets under management (AUM) have risen by just 10% YTD. He said this indicated that “the average investor has not seen a positive outcome this year once flows are taken into account.”

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