Brazilian crypto funds raise R$ 10 million while the US records significant outflows

Source: PortaldoBitcoin Original Title: Brazil’s crypto funds raise R$ 10 million while the US records strong outflows Original Link: Cryptocurrency investment products experienced their first weekly outflow in a month, with US$ 952 million leaving the market amid delays in key crypto legislation in the United States, extending regulatory uncertainty.

The outflows were almost entirely concentrated in the United States, totaling US$ 990 million. This volume was partially offset by modest inflows into crypto products from Canada and Germany, amounting to US$ 46.2 million and US$ 15.6 million, respectively. Brazil also recorded inflows of US$ 1.8 million (R$ 10 million).

Analysts attributed the change to “delays in the approval of the U.S. Clarity Act, which prolonged regulatory uncertainty for the asset class, as well as concerns about the continued sales by whale investors.”

Ethereum-based products suffered the largest impact from sales, with outflows of US$ 555 million. “This is understandable, as it is the asset most likely to gain or lose with the Clarity Act,” the report highlighted. Bitcoin products recorded outflows of US$ 460 million.

The withdrawals mark a strong reversal for US funds.

The net daily flows of Bitcoin ETFs turned negative after registering the third-largest inflow since October, of US$ 452 million, last Wednesday.

Negative flows occurred in a scenario of stagnant prices, as investors and other participants enter the December holiday period.

Bitcoin is currently trading around US$ 90,000 but has struggled to stay above this key level over the past month.

Selective demand for altcoins

Amid the broad retracement, some altcoins continued to see demand.

Investment products in Solana and XRP defied the trend, with inflows of US$ 48.5 million and US$ 62.9 million, respectively, indicating selective investor support for assets with regulatory factors or specific narratives.

The weekly outflow makes “it highly unlikely” that globally traded crypto exchange-traded products will surpass last year’s total inflows. The total assets under management stand at US$ 46.7 billion, below the US$ 48.7 billion recorded at the end of 2024.