Crypto ETPs Take a $2B Dive, Investors Flee Like It’s the Plague

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Oh, look! Crypto’s latest tragedy: the biggest weekly outflows since February! And guess what? A cool $2 billion went poof as risk appetite decided to go on vacation. Who saw that coming? 🤑

Crypto exchange-traded products (ETPs) managed to lose $2 billion last week, a nice little jump of 71% from the $1.17 billion the previous week. CoinShares spilled the beans on Monday. Three weeks of this delightful streak, folks, bringing the grand total of outflows to $3.2 billion. At this rate, ETPs might start paying people to hold their crypto. 🙄

James Butterfill, CoinShares’ head of research (who I’m sure is thrilled to deliver this news), said the outflows were mostly due to “monetary policy uncertainty” and some big crypto whales selling off like there’s no tomorrow. As a result, total assets under management (AUM) in crypto ETPs dropped to $191 billion, a 27% decline from the October peak of $264 billion. So, yeah, not a great look for the crypto world. 📉

Let’s talk about the outflows, shall we? The United States took the cake, with a whopping 97% of the outflows – that’s $1.97 billion, just in case you missed it. But wait, Germany, the land of sausages and efficiency, somehow defied the global trend with $13.2 million in inflows. Is this a new economic miracle, or just a glitch? 🤔

Crypto ETPs see $2 billion in outflows across jurisdictions

Now, if you thought the U.S. was the only place getting hit, think again. The outflow trend spread across other countries too. Switzerland and Sweden recorded $39.9 million and $21.3 million in outflows. Even Hong Kong, Canada, and Australia couldn’t escape the crypto chaos with combined outflows of $23.9 million. Looks like crypto’s global popularity is, uh, waning a bit. 🌍💸

Bitcoin (BTC) and Ether (ETH) ETPs took the hardest hits. Bitcoin-based ETPs had a mass exodus of nearly $1.4 billion last week – that’s 2% of their total AUM. Ouch. Ether wasn’t far behind, losing about $700 million, or 4% of its total assets. Is this the end of the crypto empire? Stay tuned! 🙃

Even the smaller players felt the heat. Solana (SOL) ETPs saw $8.3 million in outflows, while XRP (XRP) lost $15.5 million. At this rate, I wouldn’t be surprised if they start holding “Fire Sale” signs. 🔥

Investors rotate as sentiment shifts

But wait, not all hope is lost! While the single-asset ETPs are bleeding money, the diversified crypto baskets are looking a bit more appealing. Multi-asset ETPs have seen $69 million in inflows over the past three weeks. Looks like investors are looking for a little less volatility and a lot more “coverage,” you know, like a nice cozy blanket for uncertain times. 🛏️

And if you thought that was it, there’s more! Short-bitcoin funds – those ETPs betting on Bitcoin’s decline – saw $18.1 million in inflows in the same period. So yeah, some investors are hedging their bets like they’re on a Las Vegas roulette table. 🎰

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2025-11-17 17:10