Digital asset investment products saw a $952 million outflow due to delays in U.S. crypto legislation, causing regulatory uncertainty. Most outflows were in the U.S., totaling $990 million, offset by inflows in Canadian and German products. Ethereum products suffered the most, with Bitcoin products also seeing outflows.

Despite a surge in Bitcoin ETF inflows last week, daily netflows turned negative amidst stagnant prices as investors prepare for the holidays. Bitcoin is trading around $90,000 but struggles to stay above that level. Optimism remains high with a 68% chance of Bitcoin reaching $100,000 on prediction markets.

While Bitcoin faced outflows, select altcoins like Solana and XRP saw demand, with inflows of $48.5 million and $62.9 million, respectively. This indicates investor support for assets with unique regulatory or narrative drivers. The weekly outflow makes it unlikely for global crypto exchange-traded products to surpass last year’s total inflows.

Read more at Yahoo Finance: Regulatory Delays Trigger $952M Exodus From US Crypto Funds