Crypto funds lose $446M as XRP and Solana defy sell-off
Crypto funds faced continued selling pressure last week, recording $446 million in net outflows.
The losses brought total redemptions since October 10 to $3.2 billion. Data from CoinShares shows year-to-date flows remain at $46.3 billion, broadly in line with 2024’s $48.7 billion, while assets under management increased just 10% year-to-date.
United States leads crypto funds outflows
Crypto funds outflows were concentrated in the United States, which recorded $460 million in redemptions during the week. The losses accounted for over 100% of total weekly outflows. Switzerland posted $14.2 million in outflows, while other regions saw minimal activity.
Germany stood out as the notable exception, attracting $35.7 million in inflows…
