The cryptocurrency investment market is facing a significant downturn, with four consecutive weeks of outflows amounting to $4.75 billion. According to CoinShares‘ latest Digital Asset Fund Flows report, investors pulled out $876 million last week alone, erasing gains made since Donald Trump’s U.S. presidential election victory in November 2024.

Bitcoin and Ethereum Take the Biggest Hit

Bitcoin-focused investment products suffered $756 million in withdrawals, while short-bitcoin products recorded their largest outflows since December 2024, losing $19.8 million. Ethereum funds also saw a sharp decline, with $89 million in outflows.

Mixed Sentiment Across Regions

Investor confidence in the U.S. remains weak, with $922 million in total outflows. In contrast, European and Canadian investors provided some relief, contributing modest inflows to the market.

Despite the downturn, Solana (SOL), XRP, and Sui (SUI) bucked the trend, attracting $16.4 million, $5.6 million, and $2.7 million in inflows, respectively.

Prices Stay Above Pre-Election Levels

Although assets under management have dropped by $39 billion to $142 billion, cryptocurrency prices remain above pre-election levels. Bitcoin has gained over 21% since Nov. 5, while the CoinDesk 20 Index is up 30%, signaling that long-term market sentiment remains cautiously optimistic.