Crypto Funds Lose $876 Million in Fourth Consecutive Week of Outflows

Cryptocurrency exchange-traded products (ETPs) have recorded their fourth consecutive week of outflows, with investors withdrawing $876 million in the past week.

This figure brings the total outflows over the past month to $4.75 billion, significantly reducing the year-to-date inflows to $2.6 billion, according to this week’s fund flows report by CoinShares. Consequently, total assets under management (AUM) have declined by $39 billion to $142 billion — the lowest level since mid-November 2024.

Bitcoin (BTC) ETPs were the primary contributors to the outflows, accounting for $756 million. Ethereum (ETH) ETPs followed with $89.2 million. Notably, short-Bitcoin ETPs also experienced outflows of $19.8 million, the most significant since December 2024.

The simultaneous withdrawal from both long and short Bitcoin products indicates growing investor uncertainty, as shifting market conditions and regulatory changes continue to influence sentiment toward crypto assets.

The bearish sentiment extended beyond BTC and ETH products, with other notable outflows including Tron with $32 million and Aave with $2.4 million.

In contrast, some altcoins experienced inflows; Solana (SOL) attracted $16.4 million, XRP received $5.6 million, and Sui (SUI) recorded $2.7 million in inflows, indicating some investor confidence in these assets.

Among ETP providers, Fidelity Investments recorded the largest outflows last week, totaling $201 million and bringing its year-to-date outflows to $159 million. BlackRock’s iShares ETFs followed closely with $193 million in weekly outflows.

Meanwhile, ARK Invest and 21Shares experienced $164 million in outflows, though their year-to-date net flows remain positive at $110 million. Conversely, ProShares ETFs recorded $15 million in inflows.

James Butterfill, the report’s author, noted that US investors were the most bearish, withdrawing $922 million, while most other regions saw the market downturn as a buying opportunity. Switzerland, Canada, and Germany led the inflows, adding $23 million, $14.7 million, and $13.3 million, respectively.