Global cryptocurrency exchange-traded products (ETPs) experienced a significant outflow of $2 billion in the week ending November 14, 2025, marking their biggest weekly outflow since February, according to CoinShares’ latest Digital Asset Fund Flow Weekly report. This marks the third consecutive week of outflows and brings the total outflow over three weeks to $3.2 billion. 27% down from a peak in early October when assets under management (AUM) reached $264 billion. Bitcoin ETPs suffered the largest outflow at $1.38 billion, accounting for about 2% of their AUM, while Ethereum products shed $689 million, representing approximately 4% of AUM. Other asset classes such as Solana and XRP also saw outflows, but to a lesser degree, with $8.3 million and $15.5 million respectively. 43-billion weekly trading volume continues to reflect heightened activity despite the market sell-off. The latest data shows that Bitcoin whales have sold over $20 billion worth of BTC in the past month, potentially contributing to the bearish pressure driving last week’s $1.4 billion Bitcoin ETP outflow. Despite the outflow, Bitcoin’s price has been impacted with a 11.46% decline this week. Germany remains an outlier, reporting net inflows of $13.2 million, in contrast to the U.S., where outflows dominated at $1.97 billion. The United States led the recent ETP outflow with Bitcoin ETFs recording a significant $1.11 billion outflow. BlackRock’s IBIT led the group with $581 million. Despite the sell-off, year-to-date inflows into crypto ETPs have reached $48.9 billion.