ChainCatcher message, according to CoinShares data, in the third week of December, the net outflow of cryptocurrency investment products was approximately $990 million, mainly concentrated in the U.S. market. Among them, Ethereum products saw an outflow of about $555 million, while Bitcoin products experienced an outflow of $460 million.

Analysts point out that the main reason for the U.S. Congress's failure to pass the (Clarity for Digital Assets Market) (CLARITY Act) is that the bill was passed by the House in July but is currently stalled in the Senate, and the ongoing regulatory uncertainty has prompted institutional investors to reduce their positions. However, Solana and XRP products bucked the trend with net inflows of $48.5 million and $62.9 million, respectively, indicating that investors are not completely withdrawing but are shifting towards specific assets.

As of 2025, the cumulative net inflow of cryptocurrency products has reached 12.7 billion USD, up from 5.3 billion USD last year.