Cryptocurrency investment products posted $288 million in outflows last week, extending the exit streak to five consecutive weeks, the longest period of sustained outflows since the launch of US spot Bitcoin exchange-traded funds in January 2024.
The cumulative outflows have now reached $4 billion, according to a Monday report from digital asset manager CoinShares. Despite the prolonged decline, the figure remains below the $6 billion in outflows recorded over the same period last year, said James Butterfill, head of research at CoinShares.
Trading activity in cryptocurrency ETPs plummeted to $17 billion last week, marking the lowest level since July 2025, Butterfill noted in the report.
Bitcoin products dominated the negative sentiment, accounting for $215 million of last week’s total outflows. The leading cryptocurrency by market capitalization, currently trading at $66,191, has recorded approximately $1.3 billion in net outflows year to date, the deepest losses among major digital assets.
In a significant shift, short-Bitcoin products attracted $5.5 million in inflows, representing the largest inflow of any crypto asset last week.
Ether funds continued the downward trend with outflows totaling $36.5 million, bringing year-to-date losses to roughly $500 million. The second-largest cryptocurrency by market cap has struggled to attract institutional capital alongside Bitcoin.
Not all altcoin products experienced outflows, however. XRP funds recorded modest inflows of $3.5 million, while Solana products attracted $3.3 million. The minor gains suggest some investors remain selective about alternative cryptocurrency exposures despite broader market weakness.
Against the backdrop of declining flows, CoinShares announced a strategic pricing move Monday aimed at improving its competitive position. The digital asset manager permanently reduced the management fee on its flagship CoinShares Bitcoin ETP (BITC) to 0.15%, effective immediately.
BITC, one of Europe’s largest Bitcoin ETPs, originally launched in January 2021 with a base fee of 0.98%. The dramatic fee reduction represents a more than 80% cut from the initial pricing structure.
“This fee reduction reflects our conviction that accessible pricing must be structural, not promotional,” said Jean-Marie Mognetti, CEO and co-founder of CoinShares. The move comes as competition intensifies among ETP providers seeking to retain and attract institutional investors.
Meanwhile, US spot Bitcoin ETFs showed signs of shifting dynamics on Friday after weeks of declining trading activity. Volumes surged to $3.7 billion from $2.4 billion the previous day, according to data from SoSoValue.
The Friday session brought modest inflows of $88 million to spot Bitcoin ETFs. However, the single-day improvement wasn’t enough to offset earlier losses, leaving the week in negative territory with $315.9 million in outflows.
Following the five-week streak of outflows totaling $3.8 billion, US spot Bitcoin ETFs now report net outflows of $2.6 billion since their January 2024 launch. Cumulative year-to-date outflows have reached $4.5 billion, reflecting sustained selling pressure from institutional investors.
The prolonged outflow period marks a significant shift from the initial enthusiasm that surrounded the approval and launch of spot Bitcoin ETFs in the United States. The products, which allow investors to gain Bitcoin exposure through traditional brokerage accounts, initially attracted billions in assets.
The current outflow trend coincides with broader uncertainty in cryptocurrency markets, where Bitcoin has struggled to maintain momentum above key psychological price levels. Market participants cite concerns about regulatory developments, macroeconomic conditions, and shifting institutional allocation strategies as potential factors influencing the sustained exits.
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