According to asset manager CoinShares, crypto exchange traded products and funds (ETPs and ETFs) saw $513 million in outflows last week in the wake of a liquidity cascade at Binance on October 10, bringing net redemptions since the event to $668 million—suggesting ETP investors largely shrugged off the shock.
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Trading volumes for digital asset ETPs hit $51 billion, nearly double the year-to-date weekly average, underscoring continued investor engagement despite market turbulence. Outflows were almost entirely U.S.-focused, with $621 million leaving U.S.-listed products, while Germany, Switzerland, and Canada saw inflows of $54.2 million, $48.0 million and $42.4 million, respectively, as investors bought the dip.
Bitcoin led the sell-side, with outflows of $946 million over the week. Year-to-date inflows into bitcoin ETFs stand at $29.3 billion, compared with $41.7 billion for the same period in 2024.
Ethereum products attracted $205 million of fresh capital, driven in part by a two-times leveraged ETP that drew $457 million. Momentum around newer digital assets remained robust: Solana ETPs saw $156 million in inflows, while XRP products added $73.9 million.
Read More: Digital asset funds pull in $3.17 billion even as AUM dips 7% on tariff scare last week: CoinShares
