From January 2 to 10, cryptocurrency investment products experienced an outflow of $454 million, according to a report from CoinShares.
The negative trend persisted for most of the week, with total outflows reaching $1.3 billion, nearly offsetting the $1.5 billion inflow recorded in the early days of 2026.
This shift was driven by changing expectations regarding the Fed's actions. The market is now convinced that the regulator will refrain from lowering interest rates and maintain current levels.
The next meeting is scheduled for January 28.
Most of the selling pressure came from the U.S., which saw an outflow of $569 million. Germany led with an inflow of $58.9 million, while Canada and Switzerland recorded inflows of $24.5 million and $21 million, respectively.
Bitcoin funds lost $405 million, while short structures based on the leading cryptocurrency saw losses of $9.2 million. Experts suggest that the situation sends mixed signals regarding the overall market sentiment towards digital gold.
Ethereum products experienced outflows of $116 million, and multi-ETPs saw $20.8 million withdrawn.
Funds based on XRP and Solana continued to attract capital, with inflows of $45.8 million and $32.8 million, respectively, last week.
For context, in 2025, the total inflow into cryptocurrency exchange-traded products was $47.2 billion, slightly below the record $48.7 billion achieved the previous year.