Overview
- Ethereum funds led redemptions at roughly $555 million, with Bitcoin products posting about $460 million in outflows.
- Selective inflows continued into Solana (~$48.5 million) and XRP (~$62.9 million), signaling rotation rather than a broad exit.
- Outflows were concentrated in the United States at approximately $990 million, partly offset by inflows in Canada ($46.2 million) and Germany ($15.6 million).
- CoinShares said the setback makes it highly unlikely 2025 ETP inflows will top last year, with total assets under management now around $46.7 billion versus $48.7 billion at end-2024.
- The reversal ended a multi-week inflow streak as policy timing and renewed whale-selling concerns weighed on institutional exposure, with Ethereum seen as especially sensitive to the legislation.