Crypto News: Outflows Accelerate, Five Consecutive Weeks Set New ETP Record

The cryptocurrency investment product market continues to go through a period of significant difficulty. Last week recorded net outflows of $288 million from crypto funds, extending a five-week streak of withdrawals — the longest continuous period of outflows since Bitcoin Spot ETFs were launched in the United States in 2024. According to data released by CoinShares, the total outflows over the past five weeks have reached $4 billion. Although this figure remains substantial, it is still below the $6 billion withdrawn during the same period last year. Crypto ETP trading volumes have plummeted dramatically, dropping to $17 billion — the lowest level observed since 2025. This sharp decline reflects significantly reduced investor participation.

Bitcoin in the Red: $215M Outflows from BTC Funds as Short Products Attract Capital

Bitcoin-related funds led last week’s downward trend, with $215 million exiting BTC investment products. At the same time, short-term Bitcoin ETPs attracted $5.5 million in inflows — the only positive data among crypto assets this week. This selective inflow into short products indicates a widespread investor belief in short-term bearish consolidation. To date, Bitcoin ETPs have experienced about $1.3 billion in net outflows since the start of the year, confirming them as the most heavily redeemed crypto asset category so far in 2026.

Ether Continues to Decline, but XRP and Solana Gather Selective Interest

Ether followed the broader trend, with withdrawals of $36.5 million last week. Total outflows from Ether funds since the beginning of the year now approach $500 million, reflecting structural weakness. Conversely, investment products in XRP and Solana showed some resilience, attracting modest inflows of $3.5 million and $3.3 million respectively. This data highlights how, despite overall negative sentiment, some investors are making tactical moves, positioning themselves in altcoins considered more interesting from a speculative standpoint.

CoinShares Lowers Fees on Its Flagship Bitcoin ETP

In response to pressure on capital flows, CoinShares announced a structural reduction in fees on its flagship Bitcoin ETP — the BITC product — lowering the management fee to 0.15%. This change took effect immediately. Launched in January 2021 with an initial fee of 0.98%, BITC is one of the largest Bitcoin ETPs available on the European market. Jean-Marie Mognetti, CEO of CoinShares, commented: “This fee reduction reflects our belief that competitive pricing should be a structural feature of the market, not a temporary promotional gimmick.”

Early Signs of Stabilization in US Bitcoin Spot ETFs

While the broader ETP landscape remains under pressure, US Bitcoin Spot ETFs showed tentative signs of recovery on Friday. Data from SoSoValue indicate trading volume rose to $3.7 billion, up from $2.4 billion the previous day — a significant increase. That session saw $88 million in new capital inflows, although the week as a whole ended with $315.9 million in net outflows. After five consecutive weeks of redemptions totaling $3.8 billion, US Bitcoin Spot ETFs have experienced a total of $4.5 billion in cumulative outflows since January 1, 2026.

Market Sentiment Remains Fragile: What to Expect in the Coming Weeks

The prolonged sequence of outflows highlights persistent caution among institutional investors, driven by macroeconomic uncertainties and current restrictive liquidity conditions. Selective flows into short products and some altcoins suggest that some traders are making tactical positions; however, the overall capital flow trend clearly indicates that risk appetite remains limited. Market participants will closely monitor upcoming economic developments and macroeconomic indicators, hoping for signs of trend reversal that could stabilize crypto fund flows in the weeks ahead.