Bitcoin Bleeds $404M: First Digital Asset Outflows in 15 Weeks Shake Markets

Crypto's winning streak snaps—hard. After 15 weeks of inflows, the market's seeing red as Bitcoin alone hemorrhages $404 million. Is this a blip or the start of a bearish turn?

Market jitters or smart money rotating? While the outflows sting, seasoned traders know crypto's volatility cuts both ways. Remember: Wall Street panics, blockchain doesn't.

Bonus jab: Meanwhile, traditional finance 'experts' will spin this as proof crypto's doomed—right after their third espresso break from monitoring their 1% yield savings accounts.

Ethereum Defies Market Panic

According to the latest edition of the “Digital Asset Fund Flows Weekly Report,” Bitcoin experienced the largest outflows amid bearish sentiment and lost $404 million over the week. Still, its year-to-date inflows remain solid at $20 billion, which CoinShares explained as “an understandable dynamic” given the asset’s “sensitivity to monetary policy shifts.”

Ethereum also dipped later in the week but secured its 15th consecutive week of inflows, with $133 million. Investor confidence extended to other altcoins as well. XRP saw $31.3 million, solana $8.8 million, and SEI $5.8 million in inflows.

Smaller gains were recorded by Cardano and Aave, which attracted $1.3 million and $1.2 million, respectively.

On the other hand, multi-asset products recorded $4.8 million in outflows over the past week. Sui and Litecoin followed, with $0.8 million and $0.2 million.

Flows Split Geographically

The U.S. led the week in digital asset outflows, with investors pulling $383 million, followed by Germany with $35.5 million and Sweden with $33.3 million. Brazil also saw modest outflows of $12.8 million.

Contrastingly, Hong Kong emerged as the top destination for crypto inflows as it attracted $170.4 million. Switzerland followed with $52.4 million, while Canada and Australia saw smaller gains of $12.4 million and $7.6 million, respectively.