Update (Feb. 24, 8:00 am UTC): This article has been updated to clarify that the outflow streak is the longest since early 2025, not 2024 as previously reported.
Crypto investment products recorded $288 million in outflows last week, extending their losing streak to five consecutive weeks — the longest stretch of exits since early 2025.
The latest withdrawals bring cumulative outflows to $4 billion, according to CoinShares’ Monday report. Despite the sustained downturn, total outflows remain below the $6 billion recorded over the same period last year, said James Butterfill, head of research at CoinShares.
Trading activity in crypto ETPs fell to $17 billion last week, the lowest since July 2025, reflecting growing investor apathy, Butterfill said.
During the previous five-week streak in February-March 2025, total outflows reached $6.4 billion, according to CoinShares.
Bitcoin funds led weekly outflows as shorts draw inflows
Bitcoin (BTC) remained the key driver of negative sentiment in crypto funds, accounting for $215 million of last week’s outflows.
In contrast, short-Bitcoin products attracted $5.5 million in inflows — the largest of any crypto asset — signaling persistent bearish sentiment. Year to date, Bitcoin ETPs have recorded the deepest net outflows among major assets, totaling about $1.3 billion.
Ether (ETH) funds followed the trend with outflows of $36.5 million, bringing year-to-date losses to almost $500 million. XRP (XRP) and Solana (SOL) funds saw minor inflows totaling $3.5 million and $3.3 million, respectively.
CoinShares cuts Bitcoin ETP fee amid weak investor interest
CoinShares paired the weak flows backdrop with a pricing move aimed at making its products more competitive.
On Monday, the company announced a permanent cut to the management fee on its flagship CoinShares Bitcoin ETP (BITC), lowering it to 0.15%, effective immediately. One of Europe’s largest Bitcoin ETPs, BITC, launched in January 2021 with a base fee of 0.98%.
Related: Polymarket odds of Bitcoin under $55K at 72% as BTC market cap dives
“This fee reduction reflects our conviction that accessible pricing must be structural, not promotional,” CoinShares CEO and co-founder Jean-Marie Mognetti said.
Spot Bitcoin ETFs see signs of rising activity on Friday
After a series of trading volume declines since early February, US spot Bitcoin ETFs saw a shift in dynamics Friday, with volumes rising to $3.7 billion from $2.4 billion a day earlier, according to SoSoValue data.
The session brought modest inflows of $88 million, leaving the week in the red with $315.9 million in outflows.
Following a five-week streak of outflows totaling $3.8 billion, the ETFs now report cumulative year-to-date outflows of $4.5 billion.
