Ethereum Leads $952 Million in Weekly Outflows as U.S. Regulatory Uncertainty Deepens

Digital asset investment products recorded their first weekly outflows in a month, shedding a combined $952 million, according to new data from CoinShares.

The pullback reflects growing investor frustration over repeated delays to the U.S. Crypto Clarity Act, a bill expected to define how digital assets will be regulated in the world’s largest financial market.

Ethereum Hit Hardest With $555 Million Pulled

Ethereum bore the brunt of last week’s exits, posting $555 million in outflows, the largest among all digital asset investment products. CoinShares noted that the reaction is not surprising: Ether remains one of the assets most sensitive to regulatory developments in the United States, where uncertainty continues to cloud institutional participation.

Despite the short-term pressure, Ethereum’s year-to-date performance remains strong. The asset has attracted $12.7 billion in inflows so far in 2025, more than double the $5.3 billion recorded during the same period last year.

Bitcoin Also Sees Major Withdrawals

Bitcoin funds registered $460 million in outflows, extending a weaker trend that has persisted throughout the year. Since January, BTC products have attracted $27 billion, falling short of the $41.6 billion seen in 2024 as volatility and shifting macro conditions continue to weigh on sentiment.

Multi-asset investment products and Sui also saw net outflows, losing $55.7 million and $0.4 million, respectively.

Solana and XRP Defy the Trend

Not all digital assets suffered. Solana and XRP continued to attract investors, with inflows of $48.5 million and $62.9 million, respectively. Chainlink showed resilience as well, adding $3.3 million in new capital.

Analysts say the divergence highlights how investors are rotating away from assets vulnerable to U.S. policy delays and toward alternatives perceived as having clearer development roadmaps or stronger global demand.

Outflows Concentrated in the U.S.

The negative sentiment was most pronounced in the United States, which saw $990 million in outflows, overwhelmingly driving the global total. Sweden, Switzerland, and Hong Kong followed with more modest declines.

Meanwhile, inflows from other regions offset a portion of the losses:

Germany: +$46.2M
Canada: +$15.6M
Australia: +$1.8M
Brazil: +$0.3M

This geographic split underscores how regulatory uncertainty in the U.S., combined with political delays, continues to shape global investment flows.

A Market Waiting for Policy Clarity

CoinShares’ latest report reinforces a recurring theme: the digital asset market remains heavily influenced by U.S. regulatory developments.

Investors appear cautious ahead of key legislative milestones, and without clear rules, sustained inflows into crypto ETFs, especially those tied to Ethereum, may remain subdued.