Crypto funds in Brazil raise R$ 10 million while the US records strong outflows.

Source: PortaldoBitcoin Original Title: Crypto funds in Brazil raise R$ 10 million while the US sees strong outflows Original Link: Cryptocurrency investment products recorded their first weekly outflow in a month, with $952 million leaving the market amid delays in important crypto legislation in the United States, prolonging regulatory uncertainty.

Outflows were almost entirely concentrated in the United States, totaling $990 million, according to a report released this Monday. This volume was partially offset by modest inflows in crypto products from Canada and Germany, of $46.2 million and $15.6 million, respectively. Brazil also recorded inflows of $1.8 million (R$ 10 million).

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

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

Withdrawals mark a strong reversal for US funds.

The daily net flows of Bitcoin ETFs turned negative after recording the third largest inflow since October, of $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 $90,000, but has faced difficulties maintaining above this key level over the past month.

Selective demand for altcoins

Amid the widespread contraction, some altcoins continued to register demand.

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

The weekly outflow makes it “highly unlikely” that globally traded crypto products will exceed last year's total annual inflows. The total assets under management stand at $46.7 billion, down from the $48.7 billion recorded at the end of 2024.