US Leads Crypto ETP Outflows as Germany Continues to Accumulate
-

Regional data reveals a sharp contrast in investor behavior. The United States accounted for $460 million of last week’s ETP outflows, representing the overwhelming majority of global redemptions. This reflects a defensive posture among US investors following October’s price shock.
In contrast, Germany recorded $35.7 million in weekly inflows, bringing its month-to-date total to approximately $248 million, the strongest of any region. German investors appear to be treating recent weakness as a buying opportunity rather than a reason to de-risk.
Overall, the data suggests crypto capital has not fled the market—but it has become more disciplined and geographically uneven, favoring selective exposure and opportunistic accumulation over broad-based risk-taking.
