Money is leaving crypto funds at a rate that has even the most bullish investors feeling a bit nervous. 

CoinShares just dropped their latest report showing a brutal $876 million in outflows last week alone.

That pushes the monthly bleeding to a staggering $4.75 billion, almost entirely wiping out 2025's previous inflows.

Bitcoin Taking The Hardest Hit

Bitcoin ETPs got absolutely demolished with $756 million walking out the door in a single week.

Ethereum wasn't spared either, watching $89.2 million vanish from its products.

Even short-Bitcoin ETPs lost $19.8 million – the biggest drop since December – which means traders aren't even confident enough to bet against the market anymore.

But not everything is doom and gloom.

Solana quietly pulled in $16.4 million while everyone was panic selling, suggesting smart money might be accumulating during the bloodbath.

XRP and Sui also saw positive flows of $5.6 million and $2.7 million respectively, proving that some investors still have conviction in specific projects.

Meanwhile, Tron and Aave got hammered with $32 million and $2.4 million, rounding out the other side of the equation – for every winner, there’s at least one loser (sometimes more). 

America vs. The World

Could this be a geographical divide forming in crypto sentiment?

US investors are leading the bearish charge, pulling a massive $922 million from crypto ETPs.

But across the pond, the Europeans are apparently buying the dip – Switzerland, Germany, and Canada all recorded positive inflows.

This isn't the first time we've seen European investors zigging while Americans zag, and it probably won't be the last.

The total assets under management have now cratered to $142 billion, down a painful $39 billion from recent highs.

We haven't seen AUM this low since mid-November last year, erasing months of market gains in just a few bloody weeks.

The macro factors aren't helping either – inflation fears, regulatory FUD, and economic uncertainty give investors every excuse to hit the sell button.

The Darkest Before The Dawn?

The crypto market is clearly in risk-off mode right now, and smart money is either watching the market or quietly accumulating specific altcoins it believes are undervalued.

Regional differences in buying behavior suggest that perspective matters – what looks like the end of the world to American investors might look like a discount to the Swiss.

And someone, somewhere, is buying every single coin that's being panic-sold right now.