Over the past four weeks, crypto investment funds have experienced continuous outflows, resulting in a total withdrawal of $4.75 billion. The majority of these outflows came from U.S. investors, while investors in Europe and Canada continued to enter at relatively low levels. The overall downward trend in markets largely erased the gains following Donald Trump’s victory in the U.S. presidential elections, causing assets under management (AUM) to decrease by $39 billion to $142 billion. According to CoinShares’ Digital Asset Fund Flows report, funds experienced outflows of $876 million just last week. Significant weakening of investor confidence was observed in the U.S., leading to a total outflow of $922 million. In contrast, inflows from Europe and Canada remained more limited.

A $756 Million Withdrawal from Bitcoin Funds

Bitcoin-focused investment funds saw a $756 million outflow in line with the negative trend in the market. Additionally, there was a withdrawal of $19.8 million from funds shorting Bitcoin, marking the largest outflow for such funds since December 2024. Ethereum (ETH) investment products also continued to follow a negative trajectory with an outflow of $89 million. However, increased investor interest was observed in altcoins such as Solana (SOL), XRP, and Sui (SUI). Solana-based funds saw an inflow of $16.4 million, XRP received $5.6 million, and Sui received $2.7 million.

Crypto Prices Above Pre-Election Levels

Despite the decline in fund flows, cryptocurrency prices are still above pre-November 2024 election levels. Bitcoin has risen by over 21% since November 5, while the CoinDesk 20 Index has shown an approximately 30% increase during the same period. As investors’ long-term expectations and the general direction of the market remain uncertain, whether fund outflows will persist and investor confidence will be restored will be key factors determining market trends in the upcoming period.