Crypto ETP flows reversed last week with $812 million in outflows as Bitcoin and Ether ETPs led withdrawals, while Solana funds drew $291 million in inflows amid anticipation of US ETF launches, shrinking AUM from $241B to $221B.
-
Major outflows: Bitcoin and Ether ETPs totaled $1.128B in redemptions.
-
Solana attracted $291 million in inflows, the largest single-asset gain last week.
-
Global ETP AUM fell to $221 billion from $241 billion; month-to-date inflows remain positive at $4 billion.
Crypto ETP flows: Bitcoin and Ether outflows dominate; Solana sees $291M inflows—read the latest data-driven recap and what it means for investors.
Bitcoin and Ether ETPs suffered heavy outflows last week while Solana stood out with $291 million in inflows, likely driven by anticipation of US ETF launches.
Cryptocurrency investment products failed to extend their inflow streak last week as spot prices declined. Global crypto exchange-traded products (ETPs) recorded $812 million of outflows in the week to Friday, ending a two-week run of inflows, CoinShares reported on Monday.
Total assets under management (AUM) declined to $221 billion from a record-setting $241 billion the previous week, a drop CoinShares’ head of research, James Butterfill, attributed to fading confidence over US interest rate cuts.
The outflows came as Bitcoin dropped 3.4% from $112,000 on Sept. 22 to an intraweek low of $109,000, according to data from CoinGecko.
What are the latest crypto ETP flows and AUM changes?
Crypto ETP flows turned negative last week with $812 million of outflows, reducing AUM to $221 billion. Bitcoin and Ether led withdrawals, while net monthly inflows remain positive at $4 billion, keeping year-to-date totals meaningful despite weekly volatility.
Why did Bitcoin and Ether ETPs see major outflows?
Bitcoin (BTC) and Ether (ETH) ETPs posted the largest redemptions, with $719 million and $409 million respectively. Market participants cited short-term price pullbacks and reduced confidence in imminent US rate cuts as primary drivers. Data referenced: CoinShares and CoinGecko.
How did Solana funds outperform last week?
Solana (SOL) funds recorded $291 million of inflows, the largest single-asset weekly gain among tracked ETPs. Analysts point to heightened investor interest ahead of potential US exchange-traded fund (ETF) announcements and growing developer activity on the Solana network.
Despite the single-week reversal, crypto ETPs maintained substantial cumulative inflows: $4 billion month-to-date and $39.6 million year-to-date, per CoinShares’ James Butterfill. The analyst noted funds are positioned to potentially match last year’s record inflows of $48.6 billion if momentum resumes.
Frequently Asked Questions
What caused the $812 million outflow from crypto ETPs?
Short-term price declines for major tokens and reduced expectations for near-term US interest rate cuts drove investor redemptions, resulting in $812 million of net outflows for the week ending Friday.
Is Solana’s $291M inflow tied to ETFs?
Yes. The $291 million inflow into Solana funds is widely attributed to investor positioning ahead of anticipated US ETF developments and renewed speculative interest in SOL’s on-chain growth metrics.
How does weekly ETP flow affect AUM and market outlook?
Weekly flows directly influence reported AUM; a single-week outflow reduced AUM by roughly $20 billion from the prior record. Sustained inflows would support higher AUM and could signal institutional confidence, while repeated outflows may pressure prices.
Key Takeaways
- Outflows dominated: $812M left crypto ETPs last week, led by BTC and ETH withdrawals.
- Solana strength: SOL funds saw $291M in inflows, likely ETF-driven anticipation.
- Momentum remains: $4B month-to-date inflows keep the sector on track for a strong year if inflows resume.
Conclusion
Crypto ETP flows shifted negative last week, with Bitcoin and Ether accounting for the bulk of outflows while Solana captured outsized inflows amid ETF anticipation. Monitoring weekly flow trends and CoinShares and CoinGecko data will be critical for investors assessing fund-level demand. Stay informed for potential resumption of broader inflows.
