Key Takeaways
- Crypto investment saw another $1.94 billion in outflows, marking the fourth straight week of redemptions.
- Bitcoin ETFs led with $1.27 billion in outflows; Ethereum ETFs followed with $589 million.
- A sharp Friday bounce suggests the market may have hit a local bottom.
After a month of unrelenting redemptions, crypto investment products just logged one of their worst outflow streaks in years.
However, signs late last week suggest the sell-off may finally be running out of steam.
Bitcoin and Ethereum ETFs Lead Another Wave of Outflows
According to new data from CoinShares, crypto funds shed $1.94 billion in the past week alone, bringing the four-week total to $4.92 billion.
Only two periods, February 2018 and March 2025, have seen worse.
The exodus comes as Bitcoin and Ethereum slid to new yearly lows, sparking one of the most severe downturns of the post-ETF era.
But on Friday, the market caught a rare break. Inflows briefly returned, and spot prices rebounded from deeply oversold levels.
Bitcoin ETFs once again accounted for the bulk of the damage.
Last week, BTC products saw $1.27 billion in outflows, but also recorded the largest single-day inflow on Friday at $225 million, hinting at dip-buying interest returning at the lows.
Short-Bitcoin products, meanwhile, are one of the few categories benefiting from the turmoil.
They saw $19 million in inflows last week, pushing their assets under management up 119% over the past three weeks.
Ethereum products were hit even harder on a relative basis.
ETH investment vehicles saw $589 million in outflows, equal to 7.3% of their total assets under management.
Even so, ETH joined BTC in a modest Friday rebound with $57.5 million in new inflows.
Across the board, the four-week outflow window represents a 36% decline in total AUM, reflecting both withdrawals and falling prices.
Solana’s Hot Streak Ends, XRP Stands Alone
Solana had been one of the few bright spots in an otherwise bleak November.
For more than 20 straight days, SOL ETFs logged steady inflows.
That streak finally broke last week.
As Solana’s spot price slipped under $130, its ETF products saw $156 million in outflows — their first major setback since launch.
XRP, however, went the other direction.
The newly launched spot XRP ETF brought in $89.3 million, making it the only major asset class to defy the broader red wave.
First Hint of a Turnaround?
Despite the brutal sell-off, Friday delivered the first meaningful reversal in nearly a month:
- Bitcoin bounced from $80,000 to $88,000.
- Ethereum climbed back above $2,800.
- Solana reclaimed $140.
- XRP recovered from sub-$1.80 back above $2.
It’s too early to call a trend reversal, but the move was strong enough that CoinShares now believes the four-week streak of outflows could flip to inflows this week, assuming the rebound holds.
For now, market observers are left watching whether this bounce becomes a turning point or just another pause in a deeper correction.
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Prashant Jha is a seasoned crypto journalist based in Delhi, India, with a Bachelor’s Degree in Computer Science Engineering. Passionate about the evolving world of blockchain and cryptocurrencies, he has been a dedicated voice in the industry since 2018. Prashant’s expertise lies in regulatory reporting, where he unravels complex legal and financial developments with clarity and precision. Before joining CCN in 2024, he honed his craft at Cointelegraph, establishing himself as a trusted name in crypto journalism.
His coverage spans major industry events, including the high-profile collapses of FTX, Three Arrows Capital (3AC), and LUNA, offering readers insightful analyses of their regulatory and market implications. Prashant’s technical background enables him to bridge the gap between intricate blockchain technology and its real-world applications, making his work accessible to novices and experts.
Beyond his professional pursuits, Prashant is an avid music enthusiast, often exploring diverse genres to unwind. A sports lover, he has a particular passion for cricket and frequently engages in discussions about the game. His multifaceted interests and sharp journalistic instincts make him a valuable contributor to CCN, where he continues shaping the crypto landscape's narrative.
