Key Highlights:
- Crypto investment products saw $952 million in weekly outflows, breaking a four-week inflow streak.
- Outflows were concentrated in the US, while Canada and Germany saw modest inflows.
- Ethereum and Bitcoin led to redemption, but Solana, XRP still attracted fresh capital.
CoinShares has published a research today, December 22, 2025, which highlights that investment products saw money flowing out for the first time in four weeks and lost about $952 million. This drop comes as the US Clarity Act faces delays, and this is what is keeping crypto regulations uncertain, and worries grow about big investors (whales) selling off their holdings.
Digital asset investment products saw outflows totalling US$952M last week.@ethereum saw the largest outflows, totalling US$555M. @Bitcoin saw US$460M in outflows. @solana and XRP (@Ripple) continue to see support with inflows of US$48.5M and US$62.9M respectively.
USA: -… pic.twitter.com/uXcYREtJI1
— CoinShares (@CoinSharesCo) December 22, 2025
Due to this, hopes that crypto exchange-traded products (ETPs) would beat last year’s inflows have likely been hurt. Overall, the total money managed in these digital products is now around $46.7 billion, which is down from $48.7 billion at the end of 2024. This drop indicates that the institutional interest is softening, even though some coins have seen strong inflows this year.
Outflows concentrated in the US
According to the report, most of the outflows came from the United States, where about $990 million left crypto investment products in the week. Small gains in other countries slightly balanced the US outflow. For example, Canada added $46.2 million and Germany added $15.6 million. This shows that investors outside the US are still somewhat positive on crypto.
Other regions were mostly flat or slightly negative, and hence they were not able to make up for the big US sell-off. Overall, this is a clear indication that the news and rules that come out of the US still have the greatest impact on global crypto investments, especially for exchange-traded products.
Ethereum Bears the Brunt, Despite strong YTD picture
Ethereum was the one blockchain that saw the biggest outflows this week. It lost about $555 million, more than any other crypto, This makes sense because Ether is very sensitive to the US Clarity Act, which could change rules around staking and other Ethereum features.
Even so, Ethereum is still doing well overall in 2025. Till now, about $12.7 billion have flowed into Ethereum products, more than double of last year’s $5.3 billion. This also shows that even though some investors are temporarily cautious due to regulation news, long-term interest in Ethereum as a platform for smart contracts and earning yield remains strong.
Bitcoin Lags Last Year’s Inflow Pace
Bitcoin also saw big outflows this week, losing about $460 million. This is still compared to be a bit smaller than Ethereum’s losses but it still indicates that demand for Bitcoin investment products is cooling when compared with last year.
So far in 2025, Bitcoin products have received around $27.2 billion, which is way less than the $41.6 billion in 2024. The recent withdrawal also indicates that some investors are taking profits and reducing risk because of uncertainty and no big new events after the latest halving.
Solana and XRP Buck the Trend
While most crypto saw outflows, Solana and XRP kept attracting money. Solana has gained about $48.5 million and XRP has managed to add around $62.9 million this week. This shows that some investors are still willing to take risks on alternative networks.
The interest in Solana and XRP likely comes from confidence in their ecosystem, Solana with its growing DeFi and NFTs, and XRP making progress on regulations outside the US.
Unlike Bitcoin and Ethereum, these coins show that investors are now picking tokens based on growth potential and regulatory outlook.
Regulatory Clarity Remains the Key Catalyst
With the Clarity Act delayed and unlikely to pass this year, regulatory uncertainty will keep US crypto products under pressure. Without any clear rules on tokens and staking, big investors may stay cautious, as much as possible, even if the networks themselves are doing well.
Right now, the picture is a blur as the US investors are pulled back, especially from Ethereum, but year-to-date inflows are still going strong and some of the altcoins like Solana and XRP continue to attract money.
If the lawmakers quickly provide a clear guideline on crypto investments, the flows will pick up again and if not, the inflows will stay below last year’s record.
Also Read; ETH Climbs Almost 4% as Exchange Supply Shrinks Despite ETF Outflows
