For the fifth week in a row, money left crypto investment products. This is the longest exit run since spot Bitcoin ETFs started in 2024.
Last week, crypto investment products lost $288 million, bringing their losing run to five weeks in a row. This is the longest sequence of departures since US spot Bitcoin exchange-traded funds (ETFs) started in 2024.
According to CoinShares‘ report on Monday, the most recent withdrawals brought the total outflows to $4 billion. James Butterfill, head of research at CoinShares, stated that even if the market has been going down for a long time, overall outflows are still less than the $6 billion that was reported at the same time last year.
During the week, trading in crypto exchange-traded products (ETPs) plummeted to $17 billion, the lowest level since July 2025. Butterfill said this was because investors were losing interest.
Source: CoinShares
Bitcoin leads outflows as short products attract inflows
Butterfill added that trading in crypto ETPs plummeted to $17 billion last week, the lowest level since July 2025. This shows that investors are becoming less interested.
Bitcoin funds had the most withdrawals last week, while shorts had the most inflows.
Bitcoin (BTC) at $66,203 was the main reason for negative sentiment in crypto funds, causing $215 million in withdrawals last week.
Short Bitcoin products, on the other hand, brought in $5.5 million, the most of any crypto asset, showing that people are still feeling negative. Bitcoin ETPs have had the biggest net outflows of any major asset this year, at about $1.3 billion.
Ether (ETH) $1,915 funds also lost money, with $36.5 million leaving the market. This brought the total losses for the year to around $500 million. XRP (XRP $1.40) and Solana (SOL $80.07) funds witnessed small inflows of $3.5 million and $3.3 million, respectively.
CoinShares cuts Bitcoin ETP fee amid weak demand
CoinShares made a pricing increase to make its products more competitive against a backdrop of sluggish flows.
The company said on Monday that it would permanently drop the management fee on its main CoinShares Bitcoin ETP (BITC) to 0.15%, starting right away. BITC, one of the biggest Bitcoin ETPs in Europe, started up in January 2021 with a base cost of 0.98%.
CoinShares CEO and co-founder Jean-Marie Mognetti remarked, “This fee cut shows that we believe that accessible pricing should be structural, not promotional.”
On Friday, there were hints of more activity in spot Bitcoin ETFs.
US spot Bitcoin ETFs saw a change in dynamics on Friday, with volumes jumping from $2.4 billion to $3.7 billion, according to SoSoValue data. This came after a series of dips in trading volume since early February.
The session brought in $88 million, but the week ended with $315.9 million in outflows, which means it was a bad week.
After five weeks of outflows totalling $3.8 billion, the ETFs now show net outflows of $2.6 billion and total outflows of $4.5 billion so far this year.