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Crypto Funds Bleed $4.75B as Market Drop Erases Post-Election Gains
Despite the decline in assets under management, cryptocurrency prices remain above pre-election levels.
Mar 10, 2025, 3:47 p.m.
What to know:
- Crypto investment products experienced four consecutive weeks of weekly outflows, totaling $4.75 billion.
- U.S. investors contributed the most to the outflows, while European and Canadian investors showed modest inflows.
- Bitcoin-focused products saw significant outflows, while SOL, XRP, and SUI experienced inflows.
Crypto investment products have been seeing weekly outflows for four consecutive weeks now, with $876 million withdrawn last week, bringing the four-week total to $4.75 billion.
The sustained withdrawals and an ongoing cryptocurrency market drawdown have erased gains made since November 2024 after Donald Trump won the U.S. Presidential elections, pushing total assets under management (AUM) down by $39 billion to $142 billion.
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Investor sentiment in the U.S. is particularly bearish, with $922 million in outflows, while investors in Europe and Canada brought in modest inflows, data from CoinShare’s Digital Asset Fund Flows report shows.
Investment products focused on bitcoin saw $756 million in outflows, while products shorting the cryptocurrency saw $19.8 million in withdrawals, the largest since December 2024 according to the report.
Ethereum-focused products endured $89 million outflows, while products focusing on , XRP, and saw inflows of $16.4 million, $5.6 million, and $2.7 million respectively.
Despite the collapse in assets under management for cryptocurrency investment products, cryptocurrency prices remain above the levels seen before Trump was elected. Bitcoin is up more than 21% since Nov. 5, while the broader CoinDesk 20 Index is up around 30% over the same period.
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Solana CME Futures Fell Short of BTC and ETH Debuts, but There's a Catch
When adjusted for asset market capitalization SOL's relative futures volume looks better, K33 Research noted.
Ano ang dapat malaman:
- Solana's SOL futures began trading on the Chicago Mercantile Exchange (CME) on Monday, with a notional daily volume of $12.3 million and $7.8 million in open interest, significantly lower than the debuts of bitcoin (BTC) and ether (ETH) futures.
- Despite the seemingly lackluster debut, when adjusted to market value, SOL's first-day figures are more in line with BTC's and ETH's, according to K33 Research.
- Despite the bearish market conditions, the launch of CME SOL futures offers new ways for institutions to manage their exposure to the token, said Joshua Lim of FalconX.
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