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Crypto Investments See $446 Million Outflows; XRP, Solana Gain Inflows
The CoinShares "Digital Asset Fund Flows Weekly Report" indicates that crypto investments saw outflows of $446 million, primarily from the United States, while Germany experienced inflows. Notably, funds related to XRP and Solana continued to receive positive inflows.
XRP and SOL Outperform BTC and ETH
- Digital investment products recorded $446 million in outflows over the past week.
- Total outflows since October 10th have reached $3.2 billion.
- Year-to-date flows remain consistent with last year at $46.3 billion, with 2024 seeing $48.7 billion in inflows.
- Total Assets Under Management (AuM) increased by 10% YTD.
- Bitcoin and Ethereum saw outflows, while XRP and Solana had inflows of $70.2 million and $7.5 million, respectively.
XRP and SOL ETFs Take the Industry by Surprise
- As of December 29, XRP ETFs had $1.07 billion, and SOL ETFs had $1.34 billion in inflows.
- XRP has maintained uninterrupted inflows since its ETF launch.
- US XRP ETFs reported a cumulative net inflow of $1.14 billion by December 26.
- Amidst bullish sentiment for XRP and Solana, Bitcoin and Ethereum ETFs faced significant outflows.
- Solana ETFs had net inflows of $95.3 million by mid-December, totaling $755.77 million by December 26.