Crypto funds lose $288M as ETPs extend outflow run to five weeks

Crypto investment products posted outflows for a fifth straight week, marking the longest exit streak since the launch of spot Bitcoin ETFs in 2024.

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Crypto investment products posted another week of outflows last week, marking the first five-week exit streak since the launch of US spot Bitcoin exchange-traded funds (ETFs) in 2024.

Crypto exchange-traded products (ETPs) recorded $288 million in outflows, bringing cumulative outflows to $4 billion, CoinShares reported Monday.

Despite the longest streak of declines in years, cumulative 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.

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 roughly $500 million. XRP (XRP) and Solana (SOL) funds saw minor inflows totaling $3.5 million and $3.3 million, respectively.

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.

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 net outflows of $2.6 billion and cumulative year-to-date outflows of $4.5 billion.

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