Crypto Funds Bleed $4.75B as Market Drop Erases Post-Election Gains

What to know:

  • In a shocking twist of cosmic irony, crypto investment products have experienced four consecutive weeks of outflows, totaling a staggering $4.75 billion. Yes, you read that right—billion with a ‘B’! 💸
  • U.S. investors, in a display of financial acrobatics, contributed the most to these outflows, while their European and Canadian counterparts decided to play it cool with modest inflows. How very polite of them! 🍁
  • Bitcoin-focused products, once the darlings of the digital currency world, saw significant outflows, while SOL, XRP, and SUI decided to throw a little party with inflows. 🎉

It appears that crypto investment products have been on a rather unfortunate diet, shedding $876 million last week alone, bringing the four-week total to a jaw-dropping $4.75 billion. Who knew digital coins could be so heavy? 🤔

The ongoing withdrawals and a cryptocurrency market that seems to have taken a long vacation have erased all the gains made since November 2024, when Donald Trump won the U.S. Presidential elections. Total assets under management (AUM) have plummeted by $39 billion to a mere $142 billion. Talk about a rollercoaster ride! 🎢

Investor sentiment in the U.S. is as gloomy as a rainy day in London, with $922 million in outflows. Meanwhile, investors in Europe and Canada are bringing in modest inflows, as if they’re saying, “Oh, don’t mind us, we’re just here for the tea.” ☕

Investment products focused on Bitcoin saw a staggering $756 million in outflows, while those shorting the cryptocurrency experienced $19.8 million in withdrawals—the largest since December 2024. It’s almost as if they’re trying to break a record! 🏆

Ethereum-focused products also endured $89 million in outflows, while the brave souls focusing on Solana (SOL), XRP, and Sui (SUI) saw inflows of $16.4 million, $5.6 million, and $2.7 million respectively. It’s like a game of musical chairs, and everyone is scrambling for a seat! 🎶

Despite the dramatic collapse in assets under management for cryptocurrency investment products, prices remain above the levels seen before Trump was elected. Bitcoin is up more than 21% since November 5, while the broader CoinDesk 20 Index is up around 30% over the same period. Who knew chaos could be so profitable? 🤷‍♂️

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2025-03-10 19:11